Severance Pay from Monthly Wage and Tenure
Multiply an assumed monthly average wage by service length for a rough benefit estimate. This does not reproduce the legal daily-average-wage calculation using the preceding three months.
- Runs in your browser
- Nothing is uploaded
- No signup; device limits apply
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How to use this tool
Enter monthly average wage and completed years and months. DC mode multiplies an assumed annual contribution by time; actual account balances, payment history and investment performance are not inputs.
Results and examples
The standard arithmetic is monthly wage × (years + months/12). A number may appear below one year, but that does not establish payment eligibility or the required employment conditions.
Worked example
KRW 3 million monthly over three years six months gives a simplified KRW 10.5 million.
Limitations
- Legal average wage, eligibility, taxes and previous settlements are excluded.
- Current retirement-benefit applicability still requires review.
Fields
| Field | Guidance and constraints |
|---|---|
| Average monthly pay (KRW) | Check the unit and format displayed beside this field. |
| Years of service (years) | Check the unit and format displayed beside this field. |
| Extra months (optional) | Check the unit and format displayed beside this field. |
| Severance (30 days × years of service) | Check the unit and format displayed beside this field. |
| DC retirement pension (simple) | Check the unit and format displayed beside this field. |
| Estimated annual contributions (KRW, optional) | Check the unit and format displayed beside this field. |
Data handling
Processing stays in the current browser tab; the site does not upload tool input for the calculation itself.
Sources
Frequently asked questions
Is the DC result my account balance?
No. It is an assumed contribution multiplied by time.
Does a sub-year result prove entitlement?
No. Arithmetic output and legal eligibility are different.
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