TNAG-0786-FCO40-990-Policy-of-Government-of-Hong-Kong-on-labour-and-trade-union--1978 — Page 110

Table 21.

Territory

Indonesia

(cont'd)

Korea

(Repulic

of)

Type of

me a gure

Compulsory insurance

Title of legislation/

sche me

Labour

Standards Law,

1953, and Industrial Accident

Compensation

Insurance Law, 1963

Coverage

Source of funds..

Employees of Insured person:

all under-

takings

(except family

workers and employees in certain undertakings as prescribed} by President-

ial Decree).

None

Employer:

0.4-6.5% of pay- roll, according

to accident-rates in past five years. (Average premium

rate is 1.18%) --

Qualifying conditions

Survivor pensions:

Bonefits

For widow: 30% of earnings.

For orphan: 15%-20% of earnings for each orphan under 16. Maximum pension: 60% of earnings

Funeral grant:

Cost of buriel not exceeding 12,500 Rupiah (about HK$125)

Immediately upon, Allowance for absence from work: employment

60% of earnings, payable after a waiting period of 7

If the period days for a maximum period of 12 months. of temporary incapacity lasts more than one year, an adjustment (at least by 20 per cent) should be made to the worker's earnings in accordance with the fluctuation of the wages paid to workers of the same trade of the enterprise to which he belongs.

Disability benefit:

Payment according to degree of incapacity which is classified into 14 grades:

Grades 1-3: Either an annuity compensation or lump

sum compensation.

Grades 4-14: Lump sum compensation.

Grade 1 Disability Benefit:

1,340 days' wages in the case of lump sum payment or 240 days' wages annually.

Grade 14 benefit:

Lump sum equivalent to 50 days' wages.

Bereaved family benefit:

1,000 days' wages

Funeral expenses:

90 days' wages

Medical benefits:

Medical treatment, surgery, hospitalisation, medicines, and nursing for a maximum of 2 years. If treatment lasts more than two years, a lump sum equivalent to 1,340 days average daily wage is payable whereby his medical benefits may be terminated.

Administrative organisation

Ministry of Health and Social Affairs (office of

Labour Affairs).

Remarks

Special system for Government employees.