Useful Info

When an employee retires or is dismissed, the employer must settle all unpaid amounts such as wages, severance pay, bonuses, etc., within 14 days from the date of occurrence, or within 3 months if there is an agreement between the parties. If the employer does not settle the amounts within the above period, the employee can exercise wage claims, such as demanding payment, for up to 3 years. If the wage claims are not exercised during this period, they are extinguished by the statute of limitations. Therefore, they cannot be claimed afterward, but if a demand is made through registered mail or similar means in the interim, the statute of limitations starts running again from that point.