

Q
What happens if the wage peak system fails to pass a board resolution?
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Debt collection attorney, the creditor is threatening me — I'm leaving this question to ask if illegal debt collection complaint is possible. A while ago, I was verbally abused and threatened with 'I'll kill you if you don't repay'... I'm wondering if this constitutes illegal debt collection, and I'm worried they might tell people around me or come find me. My wife became pregnant not long ago and is in shock from this. Debt collection attorney, I'm asking if an illegal debt collection lawsuit is possible.
wage peak system
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Autor: 김국일
Hello. I will answer regarding the wage peak system implemented solely through a labor-management agreement.
Unfortunately, if a matter requiring changes to personnel regulations and budget adjustments has not gone through review and resolution by the board of directors, it is difficult to recognize the validity of the wage peak system.
The wage peak system involves reducing wages by a certain rate before retirement age in exchange for extending employment for two years after retirement.
Therefore, it inevitably entails changes to personnel regulations, adjustments to major budgets, and changes in new hiring scale.
Confirmation of such matters constitutes important matters requiring board resolution.
Therefore, in order to implement this, board resolution must precede.
If a system that conflicts with existing personnel regulations is implemented without such board resolution and individual agreements are concluded with employees accordingly, it is difficult to consider it as having been validly implemented in legal terms.
If you need detailed review regarding procedures and regulations for matters requiring board resolution, we recommend consulting a specialized attorney.

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