Site Search:
 
Speak Korean Now!
Teach English Abroad and Get Paid to see the World!
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 

How to get pension before pulling a runner.

 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Job-related Discussion Forum
View previous topic :: View next topic  
Author Message
thomas pars



Joined: 29 Jan 2009

PostPosted: Tue Aug 30, 2011 9:42 pm    Post subject: How to get pension before pulling a runner. Reply with quote

I am leaving my current job. Not what I signed up for.
Anyway, I want my pension before I split. So the question is
can I get my pension in one lump sum without my current job finding
out? I hear it takes 2 months for the pension comes through. If all
goes right. I get the pension. And split.

Thanks.
Back to top
View user's profile Send private message
nathanrutledge



Joined: 01 May 2008
Location: Marakesh

PostPosted: Tue Aug 30, 2011 10:15 pm    Post subject: Reply with quote

You have to show the pension office your one way ticket out. This I know for sure.

I'm not so sure if you have to show them something that says your job is ending, or that your visa is expiring. I took mine, but it was a few years back, and I don't remember.

You CAN do it from overseas I believe, but it's more difficult.

Once the money is in the account though, its not like your boss can take it out, so it will sit there until you take it or until you retire. You planning to come back? If so, you might not be able to take it, depending on timing.

Long story short, you can get it, your boss doesn't have to know until after you've left (not like it matters - he can't get it from them anyway), as long as you file everything on your way out.
Back to top
View user's profile Send private message
ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Tue Aug 30, 2011 11:14 pm    Post subject: Re: How to get pension before pulling a runner. Reply with quote

thomas pars wrote:
I am leaving my current job. Not what I signed up for.
Anyway, I want my pension before I split. So the question is
can I get my pension in one lump sum without my current job finding
out? I hear it takes 2 months for the pension comes through. If all
goes right. I get the pension. And split.

Thanks.


1) get your ticket
2) go to the pension office and apply for your refund.
(you need to show your exit ticket, ARC, passport and bank information (for your account at home) for the money to be sent to).
3) pull your runner (your current visa needs to be canceled before the refund will be processed.
4) wait for the pension money to show up in your bank account.

ALL of this assumes:
a) you are from Canada, USA or AUS (the only 3 who get the refund).
b) you have been here long enough to get your ARC and were actually registered in the NPS.
c) your boss actually paid into the NPS.

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



Joined: 21 Jun 2010
Location: Got avatar privileges nyahahaha

PostPosted: Wed Aug 31, 2011 3:47 am    Post subject: Reply with quote

I pulled a runner and THEN got my pension wired to my bank account overseas. I was so paranoid that the pension office would call my employer so I opted to do all this after I left. You only need your alien card number and documented proof that you were employed by your school. Make sure to write down that number and keep pay stubs and contracts etc.

I originally sent my pension documentation to Canadian government that deals with this type of deal but they simply forwarded to the Korean pension office close to where I previously worked. It wasn't hard or time consuming at all, I was actually surprised how efficiently it was handled.
Back to top
View user's profile Send private message
sojusucks



Joined: 31 May 2008

PostPosted: Wed Aug 31, 2011 5:14 am    Post subject: Re: How to get pension before pulling a runner. Reply with quote

ttompatz wrote:
thomas pars wrote:
I am leaving my current job. Not what I signed up for.
Anyway, I want my pension before I split. So the question is
can I get my pension in one lump sum without my current job finding
out? I hear it takes 2 months for the pension comes through. If all
goes right. I get the pension. And split.

Thanks.


1) get your ticket
2) go to the pension office and apply for your refund.
(you need to show your exit ticket, ARC, passport and bank information (for your account at home) for the money to be sent to).
3) pull your runner (your current visa needs to be canceled before the refund will be processed.
4) wait for the pension money to show up in your bank account.

ALL of this assumes:
a) you are from Canada, USA or AUS (the only 3 who get the refund).
b) you have been here long enough to get your ARC and were actually registered in the NPS.
c) your boss actually paid into the NPS.

.


This is why it's a good idea to call the pension office and verify contributions, from time-to-time. All you need is your ARC number and they can tell you your pension account balance over the phone.
Back to top
View user's profile Send private message
oftenadrift



Joined: 13 Dec 2008
Location: South Korea

PostPosted: Wed Aug 31, 2011 9:41 am    Post subject: Reply with quote

recessiontime wrote:
I pulled a runner and THEN got my pension wired to my bank account overseas. I was so paranoid that the pension office would call my employer so I opted to do all this after I left. You only need your alien card number and documented proof that you were employed by your school. Make sure to write down that number and keep pay stubs and contracts etc.

I originally sent my pension documentation to Canadian government that deals with this type of deal but they simply forwarded to the Korean pension office close to where I previously worked. It wasn't hard or time consuming at all, I was actually surprised how efficiently it was handled.


Could you give us some more details on how you got your pension back in Canada? Did you send it to the International Operations at Service Canada? Were your pay stubs/copy of contract requested, or did you just add them in as a precaution? Overall, how long did it take from when you submitted your application to when you got your refund?

Also, was this the form you used:
http://www.servicecanada.gc.ca/eforms/forms/cankor1lse.pdf

Thanks!
Back to top
View user's profile Send private message
recessiontime



Joined: 21 Jun 2010
Location: Got avatar privileges nyahahaha

PostPosted: Wed Aug 31, 2011 5:22 pm    Post subject: Reply with quote

oftenadrift wrote:
recessiontime wrote:
I pulled a runner and THEN got my pension wired to my bank account overseas. I was so paranoid that the pension office would call my employer so I opted to do all this after I left. You only need your alien card number and documented proof that you were employed by your school. Make sure to write down that number and keep pay stubs and contracts etc.

I originally sent my pension documentation to Canadian government that deals with this type of deal but they simply forwarded to the Korean pension office close to where I previously worked. It wasn't hard or time consuming at all, I was actually surprised how efficiently it was handled.


Could you give us some more details on how you got your pension back in Canada? Did you send it to the International Operations at Service Canada? Were your pay stubs/copy of contract requested, or did you just add them in as a precaution? Overall, how long did it take from when you submitted your application to when you got your refund?

Also, was this the form you used:
http://www.servicecanada.gc.ca/eforms/forms/cankor1lse.pdf

Thanks!


Im not sure pay stubs are necessary but you have to prove you were employed so I sent in my contract. It took a good 2 months but only because my letter had to be forwarded from Canada to Korea.. I was also sent a letter from the Canadian government that my letter hd been forwarded to Korea. My advice is....don't worry you'll get it eventually.
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 -> Job-related 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 © 2018 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