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KMID : 0613620200400030216
Health Social Welfare Review
2020 Volume.40 No. 3 p.216 ~ p.247
A Study of the Provision of Unemployment Benefits using Teachers¡¯ Pension Fund in the Closing of Private Schools: Focusing on the Problems and Alternatives of the Current Teachers¡¯ Pension Regulations and Financial Estimation
Jung In-Young

Kwon Hyeok-Chang
Kim Su-Sung
Abstract
This study aims to review and estimate the provision of unemployment benefits from Teachers¡¯ Pension for retired faculty members who have been forced out of schools. The main findings are as follows. First, under the current Teachers¡¯ Pension Act, the age of the commencement of pension payment is 65 years old, but problems arise due to the regulation of providing retirement pension after 0 to 5 years of retirement due to abolition of a school. Second, it is not appropriate to include closed schools as disasters in Teachers¡¯ Pension, and it is suitable to include them in Employment Insurance, but if it is difficult to implement it in a short period of time, it may then be considered to use Teachers¡¯ Pension Fund to provide unemployment benefits. In addition, the results of financial estimate are as follows: First, estimates of the expected pension benefits of the current pensioners from the closing of schools as of 2018 accumulating by 2050 show a plan to provide unemployment benefits using Teachers¡¯ Pension Fund has been found to have an advantage over the current plan to pay pension upon retirement. Second, estimates of the expected pension benefits of current and future recipients accumulating by 2028 show a plan to provide unemployment benefits using Teachers¡¯ Pension Fund will have an advantage over the current plan.
KEYWORD
Teachers¡¯ Pension, Unemployment Benefit, Teachers¡¯ Pension Fund, Closing a School, Employment Insurance
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