Korean Job Discussion Forums

ucfvgirl · Joined: 28 Sep 2005 Location: Bundang

Just wondering if anyone from Canada knows how much refund a person should get if they have been paying into it for two years. I am leaving in four months and I am trying to plan ahead financially. Any advice would be great. Thanks. Smile

cruisemonkey · Posted: Wed Apr 18, 2007 4:10 pm Post subject:

You should get a sum equal to 9% of your gross earnings for the two years. Very Happy

rowdie3 · Joined: 22 Sep 2003 Location: Itaewon, Seoul

Whatever you've paid into it times two. Rough estimate:

Hagwon job paying 2.1million a month.

100 from you per month time 24 months and then times 2.

100 X 24=2400 X 2=4800

So, I would say, depending on how much you've been making. Somewhere around 4,800,000W.

J

prairieboy · Joined: 14 Sep 2003 Location: The batcave.

You should check with your local pension office. They can tell you the amount you have banked.

If you have a Korean friend you can check this on-line on the Korean homepage (I don't believe this can be done through the English page) here: http://www.nps4u.or.kr/index.html

Cheers