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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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 Posted: Thu Sep 27, 2007 4:48 pm Post subject: pension |
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| My contract says 50 percent pension on it....does that mean they take half of my earnings??????? This is a serious question..I am totally ignorant on this matter. |
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huck
Joined: 19 Jan 2003
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| Posted: Thu Sep 27, 2007 5:05 pm Post subject: |
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| It means that they'll take about 100,000 won/month from your pay, and your employer will match it (hence 50/50), and you probably get all of it back when you leave Korea - depending on where you're from.... |
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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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| Posted: Thu Sep 27, 2007 5:14 pm Post subject: |
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| huck wrote: |
| It means that they'll take about 100,000 won/month from your pay, and your employer will match it (hence 50/50), and you probably get all of it back when you leave Korea - depending on where you're from.... |
A 100,000 won is only 100 US dollars right???
Why 100,100? Are you sure they won;t take a Million won..in other words half of my paycheck??? |
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ihaveseoul2
Joined: 28 Jan 2006
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| Posted: Thu Sep 27, 2007 5:17 pm Post subject: |
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They will take about 100,000 Won.. and submit that to the Pension program as well as contribute another 100,000 Won (approximate). So.. you pay half of the contribution and they pay half.
You get it all back when you return home. (Well Canadian anyway.. let me know if other countries don't).
Hell... if they wanted to take half my salary and double it in the pension... I'd love it. An extra million...... that'd be sweet... |
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Smee
Joined: 24 Dec 2004
Location: Jeollanam-do
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| Posted: Thu Sep 27, 2007 5:18 pm Post subject: |
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Wow, yet another completely redundant question posted by kentucker. Didn't we already establish that this guy was a regular user's sock? Why are people still putting up with his antics? We've already had the "job offer" post asking what types of hours and pay is normal for Korea. And the visa questions. The Dating in Korea questions. The Korea vs. Thailand questions. The red light district questions. The bringing a dog to Korea questions. The shots in Korea questions. The how much money can I save questions. The what should I bring questions. And, who could forget the Korean girls are easy, stupid, slutty thread: http://forums.eslcafe.com/korea/viewtopic.php?t=97858&highlight=
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| Anywyas, to important matters. You guys make it sound like it's hard to get laid in Sout Korea. Is this true? What are the women like at the bars? I plan on going out a good bit and meeting lot's of Korean women. I have always been attracted to Oriental women in general. But I will confess. I like my women easy when I'm out drinking. Is this type of scene in Busan? |
I'm sure it's only a matter of time until we get "Where is HomePlus?", "Any Western food in Bundang?" and "Anybody hear of CDI?"  |
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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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| Posted: Fri Sep 28, 2007 5:20 pm Post subject: |
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| Smee wrote: |
Wow, yet another completely redundant question posted by kentucker. Didn't we already establish that this guy was a regular user's sock? Why are people still putting up with his antics? We've already had the "job offer" post asking what types of hours and pay is normal for Korea. And the visa questions. The Dating in Korea questions. The Korea vs. Thailand questions. The red light district questions. The bringing a dog to Korea questions. The shots in Korea questions. The how much money can I save questions. The what should I bring questions. And, who could forget the Korean girls are easy, stupid, slutty thread: http://forums.eslcafe.com/korea/viewtopic.php?t=97858&highlight=
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| Anywyas, to important matters. You guys make it sound like it's hard to get laid in Sout Korea. Is this true? What are the women like at the bars? I plan on going out a good bit and meeting lot's of Korean women. I have always been attracted to Oriental women in general. But I will confess. I like my women easy when I'm out drinking. Is this type of scene in Busan? |
I'm sure it's only a matter of time until we get "Where is HomePlus?", "Any Western food in Bundang?" and "Anybody hear of CDI?" |
Try to get a life instead of worrying about me so much. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Sep 28, 2007 5:48 pm Post subject: |
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| kentucker4 wrote: |
| Try to get a life instead of worrying about me so much. |
READ THE FAQs and quit being such a troll. |
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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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| Posted: Fri Sep 28, 2007 6:39 pm Post subject: |
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| ttompatz wrote: |
| kentucker4 wrote: |
| Try to get a life instead of worrying about me so much. |
READ THE FAQs and quit being such a troll. |
Go to hell. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Sep 28, 2007 11:48 pm Post subject: |
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| kentucker4 wrote: |
| ttompatz wrote: |
| kentucker4 wrote: |
| Try to get a life instead of worrying about me so much. |
READ THE FAQs and quit being such a troll. |
Go to hell. |
| kentucker4 wrote: |
| That was an honest question. I did look over the faq and couldn't find it. Plus, I had little time as I told my contact I'd give him my decision very soon. Why do my questions bother you anyways? Just don't freaking answer them instead of calling me names. This is a forum where people can post whatever they want as long as it's not too offensive so get off your high horse please. |
What part of pension = 9% of salary and contributions are a 50/50 split between employer and employee do you not understand?
There is a reason why they are called FAQ (Frequently Asked Questions) and why people like me have taken the time to write the answers in them.
Usually I would say there are no stupid questions but after reading your posts I am becoming less convinced of that fact. |
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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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| Posted: Sat Sep 29, 2007 5:00 am Post subject: |
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| ttompatz wrote: |
| kentucker4 wrote: |
| ttompatz wrote: |
| kentucker4 wrote: |
| Try to get a life instead of worrying about me so much. |
READ THE FAQs and quit being such a troll. |
Go to hell. |
| kentucker4 wrote: |
| That was an honest question. I did look over the faq and couldn't find it. Plus, I had little time as I told my contact I'd give him my decision very soon. Why do my questions bother you anyways? Just don't freaking answer them instead of calling me names. This is a forum where people can post whatever they want as long as it's not too offensive so get off your high horse please. |
What part of pension = 9% of salary and contributions are a 50/50 split between employer and employee do you not understand?
There is a reason why they are called FAQ (Frequently Asked Questions) and why people like me have taken the time to write the answers in them.
Usually I would say there are no stupid questions but after reading your posts I am becoming less convinced of that fact. |
No one's forcing you to read my posts. |
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atomic42
Joined: 06 Jul 2007
Location: Gimhae
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| Posted: Sat Sep 29, 2007 5:36 am Post subject: |
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| ihaveseoul2 wrote: |
They will take about 100,000 Won.. and submit that to the Pension program as well as contribute another 100,000 Won (approximate). So.. you pay half of the contribution and they pay half.
You get it all back when you return home. |
This is fact. Ignore the rest of the horsesh1t flying around.
I'm surprised at the harsh replies to someone who works in a mill and is considering taking his first job overseas. He's overly cautious, and rightly so, especially after reading the bitches and moans of the expat malcontents on this board.
Carry on, Kentucker. |
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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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| Posted: Sat Sep 29, 2007 9:45 am Post subject: |
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| atomic42 wrote: |
| ihaveseoul2 wrote: |
They will take about 100,000 Won.. and submit that to the Pension program as well as contribute another 100,000 Won (approximate). So.. you pay half of the contribution and they pay half.
You get it all back when you return home. |
This is fact. Ignore the rest of the horsesh1t flying around.
I'm surprised at the harsh replies to someone who works in a mill and is considering taking his first job overseas. He's overly cautious, and rightly so, especially after reading the *beep* and moans of the expat malcontents on this board.
Carry on, Kentucker. |
Thanks.  |
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johnpeterson2008
Joined: 23 Jul 2007
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| Posted: Sat Sep 29, 2007 10:54 am Post subject: Re: pension |
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| kentucker4 wrote: |
| My contract says 50 percent pension on it....does that mean they take half of my earnings??????? This is a serious question..I am totally ignorant on this matter. |
No, it's not a serious question you fucking tool. Quit trying to drum up drama. If I were your boss, I would pocket your money. |
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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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| Posted: Sat Sep 29, 2007 2:08 pm Post subject: Re: pension |
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| johnpeterson2008 wrote: |
| kentucker4 wrote: |
| My contract says 50 percent pension on it....does that mean they take half of my earnings??????? This is a serious question..I am totally ignorant on this matter. |
No, it's not a serious question you *beep* tool. Quit trying to drum up drama. If I were your boss, I would pocket your money. |
Go take a happy pill you piece of shit. |
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