| View previous topic :: View next topic |
| Author |
Message |
Vicissitude
Joined: 27 Feb 2007
Location: Chef School
|
 Posted: Mon Mar 26, 2007 12:24 am Post subject: How to collect a private pension AFTER you leave Korea??? |
 |
|
I'm having troubles with trying to collect my pension. It's a PRIVATE pension and NOT the national pension. It's worth over 2 million won. My question is for people who have also left Korea to work in another country or gone back home. How did you get your private pension fund after you left Korea? Did they send you a check, wire you the money to your new overseas account or what? Thanks in advance for your help.
Last edited by Vicissitude on Tue Mar 27, 2007 3:30 am; edited 1 time in total |
|
| Back to top |
|
 |
Vicissitude
Joined: 27 Feb 2007
Location: Chef School
|
| Posted: Tue Mar 27, 2007 3:29 am Post subject: |
|
|
| bump |
|
| Back to top |
|
|
Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
|
| Posted: Tue Mar 27, 2007 5:28 am Post subject: |
|
|
| Due to ignorance on "private" pensions, could you explain this? Is it something you paid into on your own through a company? If so, I would obviously ask the company about it. Or, have you been investing in Korean gangsters? |
|
| Back to top |
|
|
Vicissitude
Joined: 27 Feb 2007
Location: Chef School
|
| Posted: Wed Mar 28, 2007 2:50 am Post subject: |
|
|
| Bibbitybop wrote: |
| Due to ignorance on "private" pensions, could you explain this? Is it something you paid into on your own through a company? If so, I would obviously ask the company about it. Or, have you been investing in Korean gangsters? |
There are two kinds of pensions in Korea, Private and National. Pension is mandatory by law in Korea. This means you must pay into it every month and your employer does as well. Most all hagkwon's and public schools use National pension and it is reliable. However, many universities and colleges have the option of using a private pension fund, which is the case with me. You can't get your pension back until after your contract expires or you leave Korea. It's that simple. Some people have a pension fund that keeps accruing(sp) interest year after year and this amount can really add up. So to answer your question, yes you do pay into this as it is deducted from your salary every month and no I'm not investing in Korean gangsters. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
