Useful Info

Daily workers at construction sites often fall into the blind spots of labor laws, such as not receiving proper protection under the Labor Standards Act, including retirement allowances, while performing construction site work as their livelihood due to the nature of day labor. To address this, relevant laws such as the Framework Act on Construction Industry and the Act on the Improvement of Employment, etc. of Construction Workers establish the retirement pension system in place of the retirement allowance system to ensure old-age income and livelihood security for construction workers. The retirement pension system is a mechanism where construction business owners pay pension contributions to the Construction Workers Mutual Aid Association with daily construction workers as insured persons, and the mutual aid association pays retirement pension benefits by adding predetermined interest to the contributions paid by the business owner when the daily worker retires from the construction industry, dies, or reaches the age of 60.