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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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 Posted: Mon Feb 19, 2007 4:14 am Post subject: aussie pension refund update |
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hey aussies,
apparently Australians are eligible for pension refunds from 2008. check here |
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mnhnhyouh
Joined: 21 Nov 2006
Location: The Middle Kingdom
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| Posted: Mon Feb 19, 2007 4:38 am Post subject: |
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Thanks for that....
Important bit here
| Webpage wrote: |
The agreement is scheduled to commence on 1 July 2008, subject to both countries completing all the necessary legislative and administrative processes. Lump-sum refunds will be retrospective.
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Emphasis is mine 
h |
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jaganath69
Joined: 17 Jul 2003
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| Posted: Mon Feb 19, 2007 4:38 am Post subject: Re: aussie pension refund update |
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| crazylemongirl wrote: |
hey aussies,
apparently Australians are eligible for pension refunds from 2008. check here |
Cheers, thanks for that. Should be a nice little lump sum when I depart. |
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sadsac
Joined: 22 Dec 2003
Location: Gwangwang
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| Posted: Mon Feb 19, 2007 6:13 am Post subject: |
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| If I was paying it I'd be a happy camper. I'm not, so it won't be a problem. |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Mon Feb 19, 2007 6:18 am Post subject: |
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If I was paying it I'd be a happy camper. I'm not, so it won't be a problem. Smile
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yeah... I think Aussies need to start being careful with signing contracts and making sure the employers are paying in. My first employer didn't (she liked hiring kiwis because we're cheap) and that's a year's contributions I could be receiving if I had been more assertive about it and knew my rights as a Canadian citizen |
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joeyjoejoe
Joined: 24 Sep 2006
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| Posted: Mon Feb 19, 2007 8:11 am Post subject: |
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| maybe i should start paying into it |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Mon Feb 19, 2007 3:46 pm Post subject: |
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| joeyjoejoe wrote: |
| maybe i should start paying into it |
I would, it's going to be a nice chunk of change for me when I leave Korea. |
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rothkowitz
Joined: 27 Apr 2006
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| Posted: Mon Feb 19, 2007 4:34 pm Post subject: |
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| crazylemongirl wrote: |
| Quote: |
If I was paying it I'd be a happy camper. I'm not, so it won't be a problem. Smile
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yeah... I think Aussies need to start being careful with signing contracts and making sure the employers are paying in. My first employer didn't (she liked hiring kiwis because we're cheap) and that's a year's contributions I could be receiving if I had been more assertive about it and knew my rights as a Canadian citizen |
Kiwis are cheap?Why do you say that?
North American accents are preferred(for the sake of the ajummas) and some schools only employ NAmericans eg Poly Returnee
You mean kiwis you know have preferred not to pay into it?
I've always had mine paid in by myself and the employer because I thought somewhere down the line I'd be able to get it back.Goodness knows when though-probably give it another 5 years. |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Mon Feb 19, 2007 4:44 pm Post subject: |
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| rothkowitz wrote: |
Kiwis are cheap?Why do you say that?
North American accents are preferred(for the sake of the ajummas) and some schools only employ NAmericans eg Poly Returnee
You mean kiwis you know have preferred not to pay into it?
I've always had mine paid in by myself and the employer because I thought somewhere down the line I'd be able to get it back.Goodness knows when though-probably give it another 5 years. |
From my observations, newly-arrived Kiwis tend to be paid lower wages and also don't tend to pay into the pension as they can't get it back. |
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manlyboy
Joined: 01 Aug 2004
Location: Darwin, Northern Territory, Australia
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| Posted: Mon Feb 19, 2007 4:50 pm Post subject: |
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Damn, thanks for the info. If I'm still working here come July 2008, that'll be six years worth of pension payments.
*does happy dance* |
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babtangee
Joined: 18 Dec 2004
Location: OMG! Charlie has me surrounded!
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| Posted: Mon Feb 19, 2007 6:23 pm Post subject: |
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| Yeah, thanks. And, Damn: time to stick the screws in my boss. |
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jaganath69
Joined: 17 Jul 2003
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| Posted: Mon Feb 19, 2007 9:14 pm Post subject: |
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| Yeah, there is a hagwon that employed me when I first arrived that is unlikely to have paid my pension contributions. Any ideas if I have a hope in hell of reclaiming this? |
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stumptown
Joined: 11 Apr 2005
Location: Paju: Wife beating capital of Korea
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| Posted: Mon Feb 19, 2007 9:20 pm Post subject: |
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| jaganath69 wrote: |
| Yeah, there is a hagwon that employed me when I first arrived that is unlikely to have paid my pension contributions. Any ideas if I have a hope in hell of reclaiming this? |
yeah, me too. I think it's possible but you have to match the contributions |
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The Chewbacca Defense
Joined: 29 May 2004
Location: The ROK and a hard place
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| Posted: Mon Feb 19, 2007 10:41 pm Post subject: .... |
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A quick question. I have been here for about 7 years. For the last 2 I have been working at a university and they had a private pension fund. Before that however I work in assorted hogwans.
Is there any way to check to see how much I have in my pension fund at the moment? |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Tue Feb 20, 2007 1:01 am Post subject: |
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| call up the pension office 1355 |
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