Act Governing the Retirement, Bereavement Compensation, Discharge with Severance Pay Benefits for the Teaching and Other Staff of School Legal Persons and their Respective Private School(s) Article 25

With the exception of any person who has exploited an opportunity offered by their position to commit a crime for which they have been convicted and sentenced, as referred to in the preceding article, a staff member who meets the criteria for resignation payment or severance pay is entitled to refrain from collecting their resignation payment or severance pay which was duly approved in accordance with provisions. From the date the person reaches the age of 60, the Fund Management Committee will pay the person the principal and interest of any resignation or severance pay that they have not yet collected, or it may apply the provisions of Paragraph 3 and Paragraph 4 of Article 20, mutatis mutandis.If a person in the circumstances referred to in the preceding paragraph dies before reaching the age of 60, the principal and interest of any resignation payment or severance pay that they have not collected shall be paid by the Fund Management Committee to the person’s survivors in a lump sum. The handling of the scope of entitlement, order, and proportional entitlements of the survivors referred to in Paragraph 1 shall be governed by the provisions of the Civil Code.The handling of the scope of entitlement, order, and proportional entitlements of survivors of a person who was enrolled in the annuity insurance referred to in Paragraph 1 shall be in accordance with the stipulations of the annuity insurance contract; if the contract does not contain any such stipulations, the handling of such matters shall be governed by the provisions of the Civil Code.