Korean Job Discussion Forums

poet13

Just finished reading some threads on people getting boned by haggie owners on pension and tax.
I paid 5% tax, and no pension for 1.5 years.
I'd be happy to backpay if it meant that 2.5 million or so was coming my way...
(Heard my old haggie boss had bad-mouthed me to someone, so feeling a little pissy Evil or Very Mad

.)

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

Why don't you buy a black mamba and put it in his car? Smile

poet13 · Posted: Wed May 21, 2008 11:44 pm Post subject:

Nah, just bored this afternoon, and the question popped into my mind.

The Bobster · Joined: 15 Jan 2003

Some people might know more than me about this, but I believe there is no compulsion for you to join the pension program. It is something that benefits you, that ought to be offered, if you are a full-time employee. It is when ity is not offered, that is when you are being screwed.

And I think you CAN pay into it retroactively - someone tell me I'm wrong, if I am - and even though it means shelling out about 50K won for every month you worked there, it means your money is doubled because your former employer (the one who irked you) has to do the same. You don't get it until you leave the country, or plan to permanently, and there are some forms to fill out.

Anyway, it looks like there are better reasons to look into it than merely spite.

icicle · Joined: 09 Feb 2007 Location: Gyeonggi do Korea

I think that it is not strictly speaking "optional". Reading the Pension website there were a few countries for whom it was optional otherwise it wasn't - Unless you were "independent" contractors rather than salary and wage employees .... It is worth reading the website ... I was looking because I was offered the option not to have it and to pay the 3.3 % tax ... I wanted to check the true legality of it before I gave my final response ... which I had already decided on really ... So I did not accept the offer ... (And it was actually presented like that .... But I happen to be from a country where the pension will in a couple of months time be something I can get back ... and know that I am better of sticking to what my contract offered)

missionshk · Joined: 09 May 2007

its a good idea.. pension is mandatory

you are owed the money

pay your part and force the haggie to do his..

The Bobster · Joined: 15 Jan 2003

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

CentralCali · Joined: 17 May 2007

Please don't fall into that "independent contractor" booby trap if you're here on an E-series visa. You are not independent if you rely on your employer to sponsor your visa. The courts didn't buy the "independent contractor" malarkey even though it was specifically in the contract for the KTX female workers and their case wasn't as obvious as E-series sponsorship is!

poet13 · Posted: Thu May 22, 2008 4:02 pm Post subject:

Well, after doing the math, it doesn't actually make fiscal sense. If it was just to screw with haggie boss, sure. But, considering that she had me on private health insurance, I would have to back pay that. I would probably have to back pay tax too even though I was charged 100k a month. Probably 1.3 million all in. Considering that I would only get an extra 1.6 million (her share), it doesn't make sense.

As I said, I was bored, feeling pissy, and it was a legitimate question.