Act Governing Retirement of and Bereavement Compensation for Employees of Post and Telecommunications Enterprises under the MOTC Article 12

The payment of pension shall be handled in accordance with the regulations as follows:1. A lump-sum pension: For years of service no more than twenty (20) years, one month's pension shall be disbursed for every full year; after twenty (20) full years of service is reached, half a month’s pension shall be disbursed for every full year.2. A monthly pension: For years of service no more than twenty (20) years, two point five percent (2.5%) of the monthly pension shall be disbursed for every full year; for years of service more than twenty (20) and less than thirty (30) years, one point five percent (1.5%) of the monthly pension shall be disbursed for every full year; for years of service more than thirty (30) years, one percent (1%) of the monthly pension shall be disbursed for every full year, up to thirty-five (35) years.The years of service for any number of months less than one year in the preceding Paragraph shall be calculated as follows: Those with no less than six months shall be counted as one year, and those with less than six months shall not be counted.