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 5

When a staff member applies for retirement, bereavement compensation, resignation, or severance payments, that staff member or his or her survivors shall complete an application form and attach appropriate documentary evidence and receipts, and submit these to the employing school. The school shall compile the application documents and forward them to the Fund Management Committee which shall review and decide whether to give approval within two months from the day following its receipt. If necessary, the time limit may be extended and the applicant will be notified about this. Only one extension may be granted, and the extension is not permitted to exceed one month.