Korean Job Discussion Forums

[lsbooth]

Can anyone tell me if I am still eligible for my pension if I break my contract and leave after 5.5 months? I have all the documents that I would normally need. If it is possible, do I have to wait until my last paycheck? Thank you.

[Corky]

It's your money. You can get it. I think you'll need a copy of your outbound flight, and you'll need a Korean bank account. They may contact your place of work however.

[Bibbitybop]

Corky, I don't think that's valid info. From what I understand, you have to finish a 12 month contract to get your pension. After you finish 12 months at a job, you can re-sign and then quit anytime and get your pension (like working 15 months), but if it's under 12, I don't think you can get it.

[halfmanhalfbiscuit]

You can get it.Get a statement from your local pension office first though to make sure there's anything there!!5 and a half months...ought to be perhaps 900.000 or somesuch.

http://www.nps.or.kr/

Their phone number is 1355

[xCustomx]

You should get your pension, but you won't be able to collect a severance, unless you had it written in your contract that you would be paid a pro-rated amount.

[larrysheinfeldstein]

http://www.nps.or.kr/html/download/guide_for_foreigners.pdf

[ttompatz]

[danythegirl]

I got my pension after not completing a contract. I had to bring a copy of my plane ticket, and I also didn't have a Korean bank account, so they just sent a cheque to my home address. Took a few months, but it was no big deal.

[Bibbitybop]

Thanks for the clarifications, sounds like I had some bad info.