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mack4289
Joined: 06 Dec 2006
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 Posted: Wed May 02, 2007 9:50 pm Post subject: how much pension should i be receiving/contributing? |
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| I make 2.2 a month. What should be my and my employer's contribution? Can anyone give me a link to the site explaining this? I've looked at some sites but didn't find anything definitive. |
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kat2
Joined: 25 Oct 2005
Location: Busan, South Korea
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| Posted: Wed May 02, 2007 10:14 pm Post subject: |
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http://www.npc.or.kr/eng/enpsk.html?code=./enpsk/a02.html
4.5% from you + 4.5% from your employer = 9%
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The contribution rate for both Workplace based Insured Persons and Voluntarily & Continuously Workplace based Insured Persons was raised from 3% in 1988, through 6% in 1993, and to 9% in 1998.
During the period 1988-1992, the contribution of the Workplace based Insured Persons was equally shared by the employee and employer. And, during 1993-1998, the contribution was equally shared by the employee, employer, and retirement payment reserve. However, since April 1999, each of the employee and the employer has been taking a half of the responsibility of paying contributions. But Voluntarily & Continuously Workplace based Insured Persons should pay all their contributions by themselves. |
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mack4289
Joined: 06 Dec 2006
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| Posted: Thu May 03, 2007 1:30 am Post subject: |
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| Cool, thanks a lot. |
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