Korean Job Discussion Forums

fortunado30 · Joined: 07 Jul 2007 Location: Seoul, KR

I just started my 2nd year teaching and I found out my new school does not take out the 4.5% deduction for the National Pension Scheme. From what I read on Galbijim's website, all employers in Korea are required to take the 4.5% deduction from your monthly pay, match the deduction, and put it in a fund that is refunded to you at the end of your contract. I want to be sure that this is a REQUIREMENT by law and not something that the employer volunteers to do. A friend of mine told me that if it is not stated in the contract then they employer doesn't have to do it. That's not correct, right? I definitely want to bring this up to my boss because that's a lot of $$$ or shall I say WWW to be cheated out of. Please give me some feedback.

kprrok · Joined: 06 Apr 2004 Location: KC

It's the law and it's mandatory unless they pay into a private pension scheme. I've read some rumors that places can still opt out of it by calling you an "independent contractor," but as an E-2 VISA holder (assumption here), you are a full-time employee and they can't deny it whether it's in the contract or not.

KPRROK

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

bondjimbond · Joined: 29 Dec 2007 Location: Seoul

The question is... (1) how do you find out about and change your "independent contractor" status, and then (2) how do you fight to get these things back?

I'm considering a fight for my pension and severance, but I'd like to know whether it's worthwhile.

nomad-ish · Posted: Sun Mar 16, 2008 6:56 pm Post subject:

Flash Ipanema · Joined: 29 Sep 2006 Location: Seoul

I found on the pension website where it says that schools have to enroll teachers in the pension scheme, but not where it says schools have to match the payments. Does anywhere know where that written?