Act for the Recruitment and Employment of Foreign Professionals Article 26

A foreign professional, foreign specialist professional or foreign senior professional who is employed, within the authorized staffing structure, as a full-time, qualified, paid teacher and researcher of a public school in the State, or who is employed, within the authorized staffing structure, as a full-time, qualified, paid researcher of a government agency or an academic research agency (institute) thereof, may opt for either a lump-sum pension payment or monthly pension payments if their retirement is governed, mutatis mutandis, by the retirement provisions of the Act Governing Retirement, Severance, and Bereavement Compensation for the Teaching and Other Staff Members of Public Schools (hereinafter referred to as the Retirement Compensation Act) and if they have obtained approval for permanent residency from the NIA; if their retirement is instead, mutatis mutandis, governed by the Act Governing Retirement, Severance, and Bereavement Compensation Under the Individual Account System for the Teaching and Other Staff of Public Educational Institutions, that Act shall apply.Where a person who already drew a monthly pension under the Retirement Compensation Act, mutatis mutandis, as referred to in the preceding paragraph has their permanent residence permit withdrawn or revoked by the NIA, their right to claim monthly pension shall be forfeited. However, this restriction shall not apply if the permanent residence permit is withdrawn or revoked as a result of restoration, acquisition, or concurrent possession of the nationality of the State.