Social Insurance Law

1. A contributor who reaches or exceeds the legal age of entitlement or who sustains a disability as provided for in Article 21 of this Law, and who is no longer engaged in employment covered by the provisions of this Law and does not meet the conditions of pension entitlement pursuant to any of the provisions of Articles 16, 19, and 20 of this Law, shall be treated as follows: a) If the contribution period is 60 months, or more, the contributor shall have the right to receive compensation computed on the basis of the total contributions paid by the employer and the contributor after re-assessment of such contributions, provided that such compensation is not less than the total contributions paid by the employer and the contributor. In such case, the contributor may receive the compensation in monthly payments or in a lump-sum payment in accordance with the provisions specified in the Regulations. b) If the contribution period is less than 60 months, the contributor shall receive a lump-sum compensation to be computed in accordance with the provision of subparagraph (a) of this paragraph. 2. In the event of the death of a contributor who does not meet the conditions of pension entitlement stipulated in Article 23 of this Law, his family members shall be entitled to receive a full lump- sum compensation to be computed in accordance with the provision of paragraph (1)(a) of this Article. 3. If a contributor who receives monthly compensation payments dies prior to receiving all the Social Insurance Law payments, his family members shall be entitled to receive the remaining payments.