10.22.5.20 Totalising to Qualify for a Korean Benefit

Totalising for a Korean benefit

Article 13 of the Agreement covers totalisation in order to qualify for a Korean benefit.

Entitlement to a Korean benefit is subject to a person having a minimum period of coverage.

People who do not have the minimum periods of coverage can add periods of AWLR during which the person was employed or self-employed (Article 13(1)) to the Korean periods of coverage to meet the minimum requirement.

Australian citizens who have left Korea permanently and who have less than 10 years contributions (but at least one year) can claim a lump sum refund rather than totalising for a pension.

Act reference: SS(IntAgree)Act Schedule 21 Republic of Korea

Last reviewed: 20 March 2015