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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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 Posted: Wed Feb 07, 2007 4:41 pm Post subject: Won't the school recieve the pension payment? |
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Ahh the fun of dealing with handlers.
I have an odd contract where the employer covers both mine and their pension contributions. As I was organizing the paperwork involved with the refund, my handler seemed to think that the cash should go back to the school on the basis that they paid for it.
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Wed Feb 07, 2007 5:15 pm Post subject: |
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| Wouldn't the pension money be in a fund or account under YOUR name though? |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Wed Feb 07, 2007 5:45 pm Post subject: |
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| I gets directly deposited into your home country bank about 20 - 30 days after applying for it which you before you leave. |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Wed Feb 07, 2007 6:00 pm Post subject: |
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| TheUrbanMyth wrote: |
| Wouldn't the pension money be in a fund or account under YOUR name though? |
Yes. Precisely the point I made to the handler. I said by that rationale, we should pay our salaries back to the school since they paid for it. |
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jmbran11
Joined: 19 Jan 2006
Location: U.S.
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| Posted: Wed Feb 07, 2007 7:48 pm Post subject: |
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| Are you sure it was paid at all? |
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ilovebdt
Joined: 03 Jun 2005
Location: Nr Seoul
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| Posted: Wed Feb 07, 2007 9:09 pm Post subject: Re: Won't the school recieve the pension payment? |
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| crazylemongirl wrote: |
Ahh the fun of dealing with handlers.
I have an odd contract where the employer covers both mine and their pension contributions. As I was organizing the paperwork involved with the refund, my handler seemed to think that the cash should go back to the school on the basis that they paid for it.
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How strange. I suppose in theory if none of your salary was ever taken to cover pension payments then the school could claim that the money comes back to them.
HOWEVER, I would see what the pension office says when you contact them.
ilovebdt |
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kigolo1881
Joined: 30 Jul 2006
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| Posted: Wed Feb 07, 2007 9:22 pm Post subject: |
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| What a messed up rationale from your handler. |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Wed Feb 07, 2007 9:27 pm Post subject: |
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| jmbran11 wrote: |
| Are you sure it was paid at all? |
Yup. I work at a public school and have gotten statements from the pension office. |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Wed Feb 07, 2007 9:31 pm Post subject: |
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Just too weird. Has this institution never had to pay out a pension during its entire existence?
But the employer is paying their half AND your half? How uncommon that arrangement is, I've no idea. But you must have discussed, at the time this odd contract was negotiated, exactly what you'd be getting in terms of pension. I assume it wasn't at your insistence that it be done that way, so where are the people who did and what are they now saying? |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Wed Feb 07, 2007 10:50 pm Post subject: |
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| JongnoGuru wrote: |
Just too weird. Has this institution never had to pay out a pension during its entire existence?
But the employer is paying their half AND your half? How uncommon that arrangement is, I've no idea. But you must have discussed, at the time this odd contract was negotiated, exactly what you'd be getting in terms of pension. I assume it wasn't at your insistence that it be done that way, so where are the people who did and what are they now saying? |
Nope. The school has employed Kiwis who aren't eligible for the refund and I've been with the school a long time so no institutional memory about the procedure.
But since I'm on the same contract as other people at neighboring schools, I got them to call ones that had North American teachers to find out that, yes, that's my money. It's in the form a special allowance I get on top of my salary and as such is my money, not theirs. |
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ilovebdt
Joined: 03 Jun 2005
Location: Nr Seoul
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| Posted: Wed Feb 07, 2007 11:03 pm Post subject: |
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| crazylemongirl wrote: |
| JongnoGuru wrote: |
Just too weird. Has this institution never had to pay out a pension during its entire existence?
But the employer is paying their half AND your half? How uncommon that arrangement is, I've no idea. But you must have discussed, at the time this odd contract was negotiated, exactly what you'd be getting in terms of pension. I assume it wasn't at your insistence that it be done that way, so where are the people who did and what are they now saying? |
Nope. The school has employed Kiwis who aren't eligible for the refund and I've been with the school a long time so no institutional memory about the procedure.
But since I'm on the same contract as other people at neighboring schools, I got them to call ones that had North American teachers to find out that, yes, that's my money. It's in the form a special allowance I get on top of my salary and as such is my money, not theirs. |
Ha ha. Free money for you. Yay!!!!!!
ilovebdt |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Thu Feb 08, 2007 3:33 am Post subject: |
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| crazylemongirl wrote: |
| I work at a public school and have gotten statements from the pension office. |
Then the money is yours, and the pension office will NOT give the money to the school. They can ask the PO for the money back, but they will be told to pound sand. |
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