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Wage/Severance

What is Retirement Allowance?

10/1/2025
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Author:system
The deduction amount paid by the employer who has entered into a retirement deduction contract as a construction worker, corresponding to the number of working days each time wages are paid to the deduction recipient. For those with 12 months or more of contribution periods, it is the amount received from the deduction association upon retirement from the construction industry (including death), according to the number of contribution months.

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