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crazy teacher
Joined: 08 Jun 2005
Location: Seoul
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 Posted: Tue Aug 21, 2007 8:45 pm Post subject: Even non-North americans will get thier pension back - true? |
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So, my boss just told me that even non North Americans will get thier pension back when they leave. Even those how have left recently will get it back through thier country's embassy.
I am not a teacher but he seemed to think it applied to all foriegn workers whatever thier visa.
Anyone heard anything about this? Do we know if it is true? If it is I will sing and dance. I am Scottish and hadnt expected to ever see a dime of it. That being said I am still not going to hold my breath. |
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mrsquirrel
Joined: 13 Dec 2006
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| Posted: Tue Aug 21, 2007 9:09 pm Post subject: |
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You should hold your breath if you have been drinking Special Brew.
Nowt like a Snakebite made with Special Brew and Pulse extra strong white cider.
I do hope the pensions are repaid although if the worst comes to the worst I will keep it in Korea and claim my pension here (if I can stick it out for 15 years or however long it is) |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Aug 21, 2007 9:58 pm Post subject: Re: Even non-North americans will get thier pension back - t |
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| crazy teacher wrote: |
So, my boss just told me that even non North Americans will get thier pension back when they leave. Even those how have left recently will get it back through thier country's embassy.
I am not a teacher but he seemed to think it applied to all foriegn workers whatever thier visa.
Anyone heard anything about this? Do we know if it is true? If it is I will sing and dance. I am Scottish and hadnt expected to ever see a dime of it. That being said I am still not going to hold my breath. |
Aussies are getting added to the list of those who can get a cash refund (summer 2008) and can file a claim retroactively.
As is currently stands, UK citizens get it added to their pension back home and do NOT get a cash refund.
correction edited in
Last edited by ttompatz on Tue Aug 21, 2007 11:30 pm; edited 1 time in total |
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meangradin
Joined: 10 Mar 2006
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| Posted: Tue Aug 21, 2007 10:24 pm Post subject: |
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| My Korean wife was told that ALL foreigners are now eligible for pension refunds. Great for me as I am from the UK and was not expecting to see a dime back. |
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mrsquirrel
Joined: 13 Dec 2006
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| Posted: Tue Aug 21, 2007 10:25 pm Post subject: |
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| Quote: |
| As is currently stands, UK citizens get it added to their pension back home and do get a cash refund. |
Do you not mean don't get a cash refund? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Aug 21, 2007 11:30 pm Post subject: |
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| mrsquirrel wrote: |
| Quote: |
| As is currently stands, UK citizens get it added to their pension back home and do get a cash refund. |
Do you not mean don't get a cash refund? |
Yes, I meant do NOT get a cash refund and have corrected by post. |
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SPINOZA
Joined: 10 Jun 2005
Location: $eoul
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| Posted: Sun Aug 26, 2007 12:59 am Post subject: |
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| meangradin wrote: |
| My Korean wife was told that ALL foreigners are now eligible for pension refunds. Great for me as I am from the UK and was not expecting to see a dime back. |
It would appear to be untrue. |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Sun Aug 26, 2007 3:56 am Post subject: Re: Even non-North americans will get thier pension back - t |
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| crazy teacher wrote: |
So, my boss just told me that even non North Americans will get thier pension back when they leave. Even those how have left recently will get it back through thier country's embassy.
I am not a teacher but he seemed to think it applied to all foriegn workers whatever thier visa.
Anyone heard anything about this? Do we know if it is true? If it is I will sing and dance. I am Scottish and hadnt expected to ever see a dime of it. That being said I am still not going to hold my breath. |
But your boss is just overexcited about this because he's just going to try and pocket the money anyway. He's selling the idea to you. All bosses will try this until you call the pension office and make sure.
Don't put anything past a Korean. It's their god-given right to try and cheat you. |
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garykasparov
Joined: 27 May 2007
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| Posted: Sun Aug 26, 2007 4:08 am Post subject: |
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| I wonder if the OP is registered as an Independent Contractor? |
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kiwigirl :O)
Joined: 05 Jan 2006
Location: Bundang
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| Posted: Sun Aug 26, 2007 6:03 am Post subject: |
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this sounds too good to be true...
how bout the kiwis??? are we included??? would be nice to get some back....
kg |
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mrsquirrel
Joined: 13 Dec 2006
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| Posted: Sun Aug 26, 2007 1:14 pm Post subject: |
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| kiwigirl :O) wrote: |
this sounds too good to be true...
how bout the kiwis??? are we included??? would be nice to get some back....
kg |
Nope, I heard that Kiwi's have to pay back double what they paid in just before they leave so that they can make pension contributions later in NZ. Sucks doesn't it. |
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