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Gladiator
Joined: 23 May 2003 Location: Seoul
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Posted: Mon Sep 26, 2005 8:59 pm Post subject: K pension refund procedure |
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Hi Folks,
Sorry but I tried a search on the forum threads but it just drew a blank.
What's the practical procedure for re claiming the refund? What documents? How is it paid? What's the timeframe for collecting the nest egg? What relationship between visa expiry and submission of refund claim (if any)?
I'm Canadian for the record, with six years on the clock here.
Any helpful info appreciated because frankly the EFL Law site seems unusable at the moment.
Cheers |
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taegu girl
Joined: 20 Apr 2004 Location: California
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Posted: Mon Sep 26, 2005 9:15 pm Post subject: |
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You need to go to the nearest pension office with your Canadian bank account # where you wish the pension money to go to. ALso bring your departure plane ticket to show that you are leaving the country. You will have to fill out a form (I believe in Korean), you may want to bring a korean friend to fill in the form if you need help (My k-hubby helped me). They will check to see that the places you worked put in the pension money and then within a month, the money will be sent to your bank account. Very easy to do! If you pm me the city you live in, my husband will find the nearest office address for you with the website which he says is in English too. |
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Gladiator
Joined: 23 May 2003 Location: Seoul
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Posted: Mon Sep 26, 2005 9:24 pm Post subject: K pension |
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Many thanks Taegu Girl, just what I was looking for.
Cheers |
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taegu girl
Joined: 20 Apr 2004 Location: California
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canukteacher
Joined: 21 Jan 2003 Location: Seoul, Korea
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Posted: Tue Sep 27, 2005 2:27 pm Post subject: |
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If you go here this will tell you EVERYTHING you need to know. You can even download forms in English.
http://www.npc.or.kr/social/index_en.html
Perhaps someone could make this link a sticky. This question keeps coming up over and over.
Good luck with your refund.
CT |
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pollyplummer
Joined: 07 Mar 2005 Location: McMinnvillve, Oregon
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Posted: Tue Sep 27, 2005 5:04 pm Post subject: pension |
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I just received my pension back, after returning to the states a little bit over two months ago. The lady at the pension office told me to expect the pension the first week or so in August. It ended up getting to me by the end of September. So you can probably expect it a little bit after the time frame that they give you. Korean efficiency. What can I say. . . |
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Zark
Joined: 12 May 2003 Location: Phuket, Thailand: Look into my eyes . . .
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Posted: Tue Sep 27, 2005 6:58 pm Post subject: |
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Thanks - this is the most organized discussion of the issue I have ever seen. Nice job! |
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harpua
Joined: 19 Jan 2004 Location: haebangchon
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Posted: Wed Dec 14, 2005 7:32 pm Post subject: |
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How can I make sure that my employer is contributing to the pension appropriately? Is it enough that I have a visa and am registered? |
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peppermint
Joined: 13 May 2003 Location: traversing the minefields of caddishness.
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Posted: Wed Dec 14, 2005 7:46 pm Post subject: |
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no, though if you're covered by the national health plan, then chances are good that your boss is paying the pension fund too. |
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Wrench
Joined: 07 Apr 2005
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Posted: Wed Dec 14, 2005 11:02 pm Post subject: |
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Oh sweet. Thank You very much. |
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PEIGUY
Joined: 28 Mar 2004 Location: Omokgyo
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Posted: Fri Dec 16, 2005 12:16 am Post subject: |
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Is there a simple way to check with the pension office without having to fill out the paperwork. I'm finished in about 3 months but, plan on coming back to Korea after a break so i'm not going to claim pension . 2 teachers that completed there contracts had problems with my wonja not paying into the pension for some months. |
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MeanyMichi
Joined: 03 Jun 2005 Location: SNOW!!!
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Posted: Wed Dec 21, 2005 2:47 am Post subject: Re: K pension refund procedure |
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Gladiator wrote: |
Hi Folks,
Sorry but I tried a search on the forum threads but it just drew a blank.
What's the practical procedure for re claiming the refund? What documents? How is it paid? What's the timeframe for collecting the nest egg? What relationship between visa expiry and submission of refund claim (if any)?
I'm Canadian for the record, with six years on the clock here.
Any helpful info appreciated because frankly the EFL Law site seems unusable at the moment.
Cheers |
I just came back from the pension office. Had to give/show them:
* 2 forms (lump sum refund request/overseas remittance)
* ARC
* passport
* plane ticket
* contract (they couldn't understand why my flight is a month BEFORE my contract is up...)
* social security number/card (nobody else mentioned this. Is it not normal to give them your SSN?)
* all the info for my bank account in Canada
Last edited by MeanyMichi on Wed Dec 21, 2005 3:17 am; edited 1 time in total |
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chronicpride
Joined: 16 Jan 2003
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Posted: Wed Dec 21, 2005 3:02 am Post subject: Re: K pension refund procedure |
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MeanyMichi wrote: |
I just came back from immigration. Had to give/show them:
* 2 forms (lump sum refund request/overseas remittance)
* ARC
* passport
* plane ticket
* contract (they couldn't understand why my flight is a month BEFORE my contract is up...)
* social security number/card (nobody else mentioned this. Is it not normal to give them your SSN?)
* all the info for my bank account in Canada |
Hold up, you say that you did this at immigration? Don't you mean pension office? Unless this is another hoop that some regional offices have recently added for us to jump through. |
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MeanyMichi
Joined: 03 Jun 2005 Location: SNOW!!!
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Posted: Wed Dec 21, 2005 3:16 am Post subject: |
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So sorry...
Pension office. My mistake. |
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freebeerandchicken
Joined: 02 May 2005 Location: Seoul
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Posted: Tue Jul 11, 2006 11:41 pm Post subject: |
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Is it okay to do all this BEFORE receiving your last paycheck? In other words, while you are still employed?
And for an interesting twist on the old topic....
I don't have a physical airplane ticket for my departure out of Korea. I only have an E-TICKET. Has anyone dealt with this situation before? I am able to print off the email receipt of my e-ticket, but that is about it. Any advice?
Thanks. |
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