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K pension refund procedure
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Gladiator



Joined: 23 May 2003
Location: Seoul

PostPosted: Mon Sep 26, 2005 8:59 pm    Post subject: K pension refund procedure Reply with quote

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

PostPosted: Mon Sep 26, 2005 9:15 pm    Post subject: Reply with quote

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

PostPosted: Mon Sep 26, 2005 9:24 pm    Post subject: K pension Reply with quote

Many thanks Taegu Girl, just what I was looking for.

Cheers
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taegu girl



Joined: 20 Apr 2004
Location: California

PostPosted: Mon Sep 26, 2005 10:10 pm    Post subject: Reply with quote

Gladiator,
Hubby looked up the website for you and here it is in English.
http://www.npc.or.kr/eng/g-index.html
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canukteacher



Joined: 21 Jan 2003
Location: Seoul, Korea

PostPosted: Tue Sep 27, 2005 2:27 pm    Post subject: Reply with quote

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

PostPosted: Tue Sep 27, 2005 5:04 pm    Post subject: pension Reply with quote

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 . . .

PostPosted: Tue Sep 27, 2005 6:58 pm    Post subject: Reply with quote

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

PostPosted: Wed Dec 14, 2005 7:32 pm    Post subject: Reply with quote

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.

PostPosted: Wed Dec 14, 2005 7:46 pm    Post subject: Reply with quote

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

PostPosted: Wed Dec 14, 2005 11:02 pm    Post subject: Reply with quote

Oh sweet. Thank You very much.
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PEIGUY



Joined: 28 Mar 2004
Location: Omokgyo

PostPosted: Fri Dec 16, 2005 12:16 am    Post subject: Reply with quote

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!!!

PostPosted: Wed Dec 21, 2005 2:47 am    Post subject: Re: K pension refund procedure Reply with quote

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

PostPosted: Wed Dec 21, 2005 3:02 am    Post subject: Re: K pension refund procedure Reply with quote

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. Confused
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MeanyMichi



Joined: 03 Jun 2005
Location: SNOW!!!

PostPosted: Wed Dec 21, 2005 3:16 am    Post subject: Reply with quote

So sorry...
Pension office. My mistake.
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freebeerandchicken



Joined: 02 May 2005
Location: Seoul

PostPosted: Tue Jul 11, 2006 11:41 pm    Post subject: Reply with quote

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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