LawGuide
Labor Issues

Retirement Allowance

Lump-sum or pension payment upon retirement. Not legally mandatory but becomes obligatory if stipulated in work rules or contracts. Forfeiture clauses are limited.

Statute Reference

労基法11条

FAQ

Q. What does Retirement Allowance mean?

Lump-sum or pension payment upon retirement. Not legally mandatory but becomes obligatory if stipulated in work rules or contracts. Forfeiture clauses are limited.

Related Terms

Wrongful TerminationEmployment ContractOvertime Pay

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This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.

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