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Korean Job Discussion Forums
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alabamaman
Joined: 25 Apr 2006
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BigBuds
Joined: 15 Sep 2005
Location: Changwon
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 Posted: Wed Apr 11, 2007 6:51 am Post subject: |
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| vickynagy wrote: |
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| "If you can't get it back, then try to avoid paying it if at all possible. If I recall correctly, if a business is small enough it's exempt from pension deductions, anyway." |
A company that has 5 or less employees may be exempt but it's their (company's) choice. If the company is registered the emploees must be too. - This info is available on the Korean Pension's Office's website.
Employees have no choice in this matter, they cannot opt out.
I've checked up with the UK Pension Service and was informed that the two countries have a reciprocal agreement which is is not currently under review. Hence we Brits are working two whole weeks for free each year.
- I'll be sitting on the 'Old People's seat on the Subway from now on - Hell Yeah! I earned it - and if they look at me funny, just tell them I am paying for it  |
The 5 employee rule no longer applies and hasn't for quite a while. If you look at the pension laws it was gotten rid off back in 1999 I think, I could be wrong on the year though. |
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