Site Search:
 
TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International
Korean Job Discussion Forums Forum Index Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Pension refund

 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> General Discussion Forum
View previous topic :: View next topic  
Author Message
mscoop1085



Joined: 12 Feb 2009

PostPosted: Thu Nov 15, 2012 7:24 am    Post subject: Pension refund Reply with quote

I will have worked in Korea for three years now in March of 2013. I will be going back home and was wondering how much the pension refund would come out to? 1st year (2.2 million), 2nd year (2.3 million), 3rd year (2.4 million). Anyone have any similar experiences? I have heard about 2 million won back per year, if your company does it right.
Back to top
View user's profile Send private message AIM Address
ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Thu Nov 15, 2012 1:47 pm    Post subject: Reply with quote

9% of your wages over 3 years.

When you apply for the refund the NPS will tell you how much you get back.

.
Back to top
View user's profile Send private message Send e-mail
LuckyNomad



Joined: 28 May 2007

PostPosted: Thu Nov 15, 2012 7:33 pm    Post subject: Reply with quote

It will probably be about eight and a half million won.
Back to top
View user's profile Send private message
ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Thu Nov 15, 2012 8:06 pm    Post subject: Reply with quote

LuckyNomad wrote:
It will probably be about eight and a half million won.


Closer to 7.4m.

Gross wages of 26.4m, 27.6m and 28.8m = 82.8million won *.09 (9%) = 7.452 million won.
Back to top
View user's profile Send private message Send e-mail
LuckyNomad



Joined: 28 May 2007

PostPosted: Thu Nov 15, 2012 8:34 pm    Post subject: Reply with quote

ttompatz wrote:
LuckyNomad wrote:
It will probably be about eight and a half million won.


Closer to 7.4m.

Gross wages of 26.4m, 27.6m and 28.8m = 82.8million won *.09 (9%) = 7.452 million won.


I got 17 back after 6 years so I just halved that.
Back to top
View user's profile Send private message
Wildbore



Joined: 17 Jun 2009

PostPosted: Thu Nov 15, 2012 9:24 pm    Post subject: Reply with quote

Your REAL wage doesn't matter. What matters is the salary report made by your employer.

Check to make sure your employer didn't under-report your income and embezzle contributions. Happened to me, takes a while to fix.

You can get a contribution history printed out for free at the pension office to verify this.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> General Discussion Forum All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2013 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International