Korean Job Discussion Forums

brandonhill31 · Joined: 02 May 2007 Location: Daegu

i've just signed on a new school, and the situation seems pretty decent. but in the contract there is nothing about taking out pension. and i asked him and he said its not important, you just keep the money right and no get any back later. is there any problem with this? am i getting shafted out of any money? any one have a take on this?

koon_taung_daeng · Joined: 28 Jan 2007 Location: south korea

yes your getting shafted they have to match your money and then you get double back

Jizzo T. Clown · Joined: 27 Mar 2006 Location: at my wit's end

They tried to pull the same thing on me at my public school. When I asked the finance office (and later the provincial office) they told me that "It's ok--we're just giving it to you every month instead of holding it out and giving you a lump sum at the end." Thing is, that meant they weren't contributing their 4.5%.

When I asked about that, they (both places) said that I wouldn't be getting their contribution anyway--only my 4.5% which would be deducted every month. After paying a visit to the pension office and having them call the school, I'm happy to say that this month they have taken out everything they were supposed to take out.

So don't listen to this BS. Take it up with the pension office and have them set things straight.

Here's a link to the thread where this was discussed:

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

brandonhill31 · Joined: 02 May 2007 Location: Daegu

thanks for the help, i will head to the office tomorrow for a throw down. also i just read over my post, and yes sadly i am an english teacher.

spliff · Joined: 19 Jan 2004 Location: Khon Kaen, Thailand

Jizzo T. Clown · Joined: 27 Mar 2006 Location: at my wit's end

Yeah, they'd taken out for the previous months as well. No worries (anymore)...

sojourner1 · Posted: Wed Aug 29, 2007 3:40 am Post subject:

So if you're not getting pension taken out, you don't have health insurance, and you are not even legally employed.

If you work like this and come back for another contract, to my understanding, you will be caught and forced to pay back the pension and health care insurance amounts for that year your employer didn't pay in to the government systems. This is when you find out your previous employer robbed you blind!

This is bologny that a public school principal is trying to line his pockets, turn him in by seeking to get your situation rectified through the provincial office, pension office, and labor office. That would be my strategy for dealing with corrupt principals and directors though I have not done this yet.

Speaking of pension, is there a website we all can easily check out balances and deposits with to ensure everything is going as it should???

CentralCali · Joined: 17 May 2007