Common use of Special Provisions relating to Korea Clause in Contracts

Special Provisions relating to Korea. 1. Subject to Article 11 of this Agreement, to obtain a disability or survivors' benefit, the requirement of the Korean legislation that a person be covered when the insured event occurs shall be considered to have been met if the person is covered for a benefit under the legislation of India during a period in which the insured event occurs according to the legislation of Korea. 2. Where periods of coverage under the legislation of India are taken into account to establish eligibility for benefits under the legislation of Korea in accordance with paragraphs 1 and 2 of Article 11 and paragraph 1 of this Article, the benefit due shall be determined as follows: (a) the agency of Korea shall first compute a pension amount equal to the amount that would have been payable to the person if all the periods of coverage taken into account under the legislation of the Contracting States had been completed under the legislation of Korea. To determine the pension amount, the agency of Korea shall take into account the person's average standard monthly income while covered under the legislation of Korea; (b) the agency of Korea shall calculate the partial benefit to be paid in accordance with the legislation of Korea based on the pension amount calculated according to the preceding subparagraph, in proportion to the ratio between the duration of the periods of coverage taken into consideration under its own legislation and the total duration of the periods of coverage taken into consideration under the legislation of the Contracting States.

Special Provisions relating to Korea. 1. Subject to Article 11 of this Agreement, to obtain a disability or survivors' benefit, the requirement of the Korean legislation that a person be covered when the insured event occurs shall be considered to have been met if the person is covered for a benefit under the legislation of India during a period in which the insured event occurs according to the legislation of Korea. 2. Where periods of coverage under the legislation of India Uruguay are taken into account to establish eligibility for benefits under the legislation of Korea in accordance with paragraphs 1 and 2 of Article 11 and paragraph 1 of this ArticleArticle 12, the benefit due shall be determined as follows: (a) the agency Competent Institution of Korea shall first compute a pension amount equal to the amount that would have been payable to the person if all the periods of coverage taken into account under the legislation of the two Contracting States Parties had been completed under the legislation of Korea. To determine the pension amount, the agency Competent Institution of Korea shall take into account the person's average standard monthly income while covered under the legislation of Korea; (b) the agency Competent Institution of Korea shall calculate the partial benefit to be paid in accordance with the legislation of Korea based on the pension amount calculated according to the preceding subparagraphsub-paragraph (a), in proportion to the ratio between the duration of the periods of coverage taken into consideration under its own legislation and the total duration of the periods of coverage taken into consideration under the legislation of the two Contracting StatesParties. 2. Where the conditions required for the entitlement to a benefit are satisfied only after the application of paragraph 3 of Article 12, the periods of coverage completed under the legislation of the third State referred to in that paragraph shall be considered for the application of paragraph 1 of this Article.

Special Provisions relating to Korea. 1. Subject to Article 11 of this Agreement, to obtain a disability or survivors' survivors benefit, the requirement of the Korean legislation that a person be covered when the insured event occurs shall be considered to have been met if the person is covered for a benefit under the legislation of India Bulgaria during a period in which the insured event occurs according to the legislation of Korea. 2. Where periods of coverage insurance under the legislation of India Bulgaria are taken into account to establish eligibility for benefits under the legislation of Korea in accordance with paragraphs 1 and 2 of Article 11 and paragraph 1 of this Article, the benefit due shall be determined as follows: (a) the agency The institution of Korea shall first compute a pension amount equal to the amount that would have been payable to the person if all the periods of coverage insurance taken into account under the legislation of the two Contracting States Parties had been completed under the legislation of Korea. To determine the pension amount, the agency institution of Korea shall take into account the person's average standard monthly income while covered under the legislation of Korea;. (b) the agency The institution of Korea shall calculate the partial benefit to be paid in accordance with the legislation of Korea based on the pension amount calculated according to the preceding subparagraph, in proportion to the ratio between the duration of the periods of coverage insurance taken into consideration under its own legislation and the total duration of the periods of coverage insurance taken into consideration under the legislation of the two Contracting StatesParties.

Special Provisions relating to Korea. 1. Subject to Article 11 of this Agreement, In order to obtain a disability or survivors' survivors benefit, the requirement of the Korean legislation of Korea that a person be covered when the insured event occurs shall be considered to have been met if the person is covered for a benefit under the legislation of India Hungary during a the period in which the insured event occurs according to the legislation of Korea. 2. Where periods of coverage under the legislation of India Hungary are taken into account to establish eligibility for benefits under the legislation of Korea in accordance with paragraphs paragraph 1 and 2 of Article 11 and paragraph 1 of this Article, the benefit due shall be determined as follows: (a) the agency The institution of Korea shall first compute a pension amount equal to the amount that would have been payable to the person if all the periods of coverage taken into account under the legislation of the both Contracting States Parties had been completed under the legislation of Korea. To determine the pension amount, the agency institution of Korea shall take into account the person's average standard monthly income while covered under the legislation of Korea;. (b) the agency The institution of Korea shall calculate the partial benefit to be paid in accordance with the legislation of Korea based on the pension amount calculated according to the preceding subparagraph, in proportion to the ratio between the duration of the periods of coverage taken into consideration under its own legislation and the total duration of the periods of coverage taken into consideration under the legislation of the both Contracting StatesParties.