Chapter 5 Retirement Management
- If a worker retires, an employer shall pay the wages, compensations, and other money or valuables within 14 days after the cause for such payment has occurred; however, the period, under special circumstances, may be extended by the mutual agreement between the parties concerned. ※ Punishable with a fine imprisonment of up to three years, or by a fine not to exceed twenty million W
-
Related ACTS: Payment of Money and Valuables (Article 36, Labor Standards Act)
*Labor Standards Act
Article 36 (Settlement of Payments)
When a worker dies or retires, the employer shall pay the wages, compensations, and other money or valuables within 14 days after the cause for such payment occurred: Provided, That the period may, under special circumstances, be extended by mutual agreement between the parties concerned.
