Korean Job Discussion Forums

[wylies99]

South Korea pensions deal signed
11 hours ago
http://www.google.com/hostednews/ukpress/article/ALeqM5ig16BcDa17vcCHrRi-BiuPBNMKvA

A new pact has been signed between Ireland and South Korea to protect workers' pension rights.

Similar social security agreements are already in place between Ireland and the US, Australia, Canada and New Zealand.

Social and Family Affairs Minister Mary Hanafin said the deal will enable people who have paid social insurance in both Ireland and Korea to receive full pension entitlements.

[cruisemonkey]

They did it just to piss-off the limeys.

[wylies99]

This is why everyone should make sure their school is paying into the pension. You never know when a new treaty will be signed between South Korea and your native country.

[Chris_Dixon]

Im pretty sure your wrong on the countries mentioned...Australia and New Zealand do not have an agreement

[cruisemonkey]

[blackjack]

Australia does, NZ does not

[The Grumpy Senator]

[Hyeon Een]

The article doesn't state what the agreement is. It doesn't say that pension contributions are refundable. It may just be that the pension funds may be transferable, as is already the case for the UK, for example. A UK citizen can have his Korean contributions transferred as National Insurance contributions, but cannot take a lump-sum payment. The Irish agreement might be the same. The article didn't make it clear.

[the ireland]

I have just e-mailed the department of social and family affairs in Ireland to see if it allows for teachers who previously worked in Korea to claim back any money owed to them. It would be sweet if they did cos I am owed almost 3 million and so is my g.f

I will let you know of any response i recieve.

I love mary hanafin even more now.....I interviewed her for a project for my honours degree and it helped me get a much higher mark than it merited,,,,,now she might be giving me a ball of money i didn't expect hopefully it's not the same as the U.K one, but even if it is, at least it's some sort of a contribution for when i retire, even though i'm only 24

[Ukon]

As long as this encourages more pretty, red haired lasses to come, I'm all for it.

[cruisemonkey]

[the ireland]

In ireland we have a thing for red haired people too.......it's called disgust

[drumd9]

Here's the press release from the department of social and family affairs:

http://www.welfare.ie/EN/Press/PressReleases/2008/Pages/pr311208.aspx

[the ireland]

[I_Am_The_Kiwi]

New Zealand has recieved the paperwork about the pension agreement and is expect to go ahead with it this year. As Australia just did it last year. So NZers should be covered by it - keep a copy of your alien number and pension reciept to claim in the future.