国内政策【切换】 国际政策

ENFORCEMENT DECREE OF THE EMPLOYMENT INSURANCE ACT Enforcement Date 21. Apr, 2015Article 25-2

Article 25-2 (Subsidy for Employment of Those Aged 60 and Over) (1) The Minister of Employment and Labor shall, pursuant to Article 23 of the Act, provide a subsidy for employment of those aged 60 and over to the employer of a business which meets all of the following requirements:   <Amended by Presidential Decree No. 25955, Dec. 31, 2014>

1.The workplace shall not have a set retirement age;

2.The ratio of the monthly average number of workers aged 60 and over who have been employed for one year or more at the end of each month to the monthly average number of workers in the business each quarter shall be higher than the ratio determined and announced by the Minister of Employment and Labor for each industry;

3.The employer shall not be a person who has received once or more the subsidy for employment promotion for the aged under Article 18 of the Addenda of the Enforcement Decree of the Employment Insurance Act partially amended by Presidential Decree no. 22603 or is in the payment period thereof at the time when he/she applies for the subsidy for employment of those aged 60 and over.

(2) If an employer dismisses a worker aged 55 or over during three months before, and six months after, applying for the subsidy for employment of those aged 60 and over under paragraph (1) (hereinafter referred to as "subsidy for employment of those aged 60 and over"), as a result of employment adjustment, the subsidy for employment of those aged 60 and over shall not be provided.

(3) The amount of subsidy for employment of those aged 60 and over shall be calculated by multiplying the amount announced by the Minister of Employment and Labor in consideration of labor market conditions by the number of workers aged 60 and over employed in excess of the ratio announced by the Minister of Employment and Labor pursuant to paragraph (1) 2: Provided, That the total amount of subsidy that can be paid quarterly to an employer shall not exceed the amount calculated by multiplying the amount announced by the Minister of Employment and Labor pursuant to the main sentence by 20/100 (10/100 for large enterprises) of the number of workers in that business.

(4) In calculating the number of workers for the purpose of paying the subsidy for employment of those aged 60 and over, daily workers and those who fall under subparagraphs 2 through 5 of Article 10 of the Act shall be excluded.

(5) Necessary matters concerning the application for and payment of the subsidy for employment of those aged 60 and over shall be prescribed by the Ordinance of the Ministry of Employment and Labor.

 <This Article Newly Inserted by Presidential Decree No. 23513, Jan. 13, 2012>