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timetotravel
Joined: 02 Sep 2007 Location: korea
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Posted: Mon Mar 31, 2008 10:47 pm Post subject: pension and resigning with pub school |
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question - does anyone know, when resigning with a public school do you still get your first year of pension and severance pay at the end of the contract? and how do you go about ensuring these things are done on time and correctly? |
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Temporary
Joined: 13 Jan 2008
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Posted: Mon Mar 31, 2008 10:55 pm Post subject: |
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You can only get your pension when you leave the country. You need to show the pension office a one way ticket.
Severence should be paid in the last paycheck. Mine was. I had to remind them but they paid it like a week after my contract was done. |
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Bibbitybop

Joined: 22 Feb 2006 Location: Seoul
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Posted: Mon Mar 31, 2008 10:58 pm Post subject: |
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People in SMOE have received their pension when they took a different job. They did go on vacation, but not on a one way ticket.
I thought you can get your pension when your visa expires. So if you renew a contract, you extend the visa and don't get pension, but if you change jobs, you can get your pension. |
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Temporary
Joined: 13 Jan 2008
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Posted: Mon Mar 31, 2008 11:01 pm Post subject: |
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Bibbitybop wrote: |
People in SMOE have received their pension when they took a different job. They did go on vacation, but not on a one way ticket.
I thought you can get your pension when your visa expires. So if you renew a contract, you extend the visa and don't get pension, but if you change jobs, you can get your pension. |
Well you can get your pension when you leave the country. So technicaly its possible as long as you show them a ticket out of the country they will give you your pension. Or you can just keep saving the cash, its not touched safe place from temptation
I got close to 8mil now. |
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timetotravel
Joined: 02 Sep 2007 Location: korea
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Posted: Mon Mar 31, 2008 11:08 pm Post subject: |
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so if i am staying at the same school but going home for two weeks can i use that ticket to claim my pension refund? |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Mon Mar 31, 2008 11:41 pm Post subject: |
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timetotravel wrote: |
so if i am staying at the same school but going home for two weeks can i use that ticket to claim my pension refund? |
nope. |
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Bibbitybop

Joined: 22 Feb 2006 Location: Seoul
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Posted: Mon Mar 31, 2008 11:53 pm Post subject: |
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Temporary wrote: |
Or you can just keep saving the cash, its not touched safe place from temptation
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I don't trust Korea that much. |
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