Construction Worker Retirement Mutual Aid: Who Qualifies and What You Get
Learn how construction workers in South Korea can claim a lump-sum payment after accumulating enough work days through this mutual aid scheme.
This scheme provides a lump-sum payment to construction workers to support them when they retire from the industry.
Who it's for
This is available to construction workers whose employers contribute to the mutual aid fund.
What you get
Once you have accumulated 252 days of work, you are eligible to receive a lump-sum payment.
What it costs you
The scheme is funded by employer contributions, so there is no direct cost to you. However, you are responsible for tracking your work days using a mobile app to ensure your records are accurate.
The catch to know
Because many workers move between different job sites frequently, it is common to forget to claim these funds. Staying on top of your records is essential to ensure you don't miss out.
How to apply
- Download the official mobile app to track your work days.
- Ensure your employer is contributing to the fund.
- Verify that you have reached the required number of work days.
- Submit your claim through the official portal: https://www.cwma.or.kr