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T-dot

Joined: 16 May 2004 Location: bundang
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Posted: Tue Jul 15, 2008 7:12 pm Post subject: Settlement allowance |
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I know agencies like SMOE and Epik offer a settlement allowance. I just have a few questions.
1. Does the allowance ever have to be paid back?
2. Do you get it every time you sign a contract (incl. renewals).
3. Can u use it at your own discretion or do you need receipts to justify the allowance? |
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nomad-ish

Joined: 08 Oct 2007 Location: On the bottom of the food chain
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Posted: Tue Jul 15, 2008 7:21 pm Post subject: |
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1. usually it states in the contract that if you leave before the 6 month mark, you have to pay back the settlement allowance
2. not if you're renewing... usually it states it's a one-time payment in the contract (after all, it's for dishes, household stuff, so you shouldn't need to purchase the same things again after a short home leave)
3. yes, from what i've been told. although i've heard of one school (from dave's) that purchased things for the teacher using his/her allowance without consent... also, i'm sure it wouldn't be a stretch for a bad/controlling school to make a stink about the native teacher providing receipts |
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jvalmer

Joined: 06 Jun 2003
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Posted: Tue Jul 15, 2008 8:04 pm Post subject: |
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When first start with epik, a few years ago, they gave me an evelop with 300k cash. So, yes, you can spend it on anything you want. |
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poet13
Joined: 22 Jan 2006 Location: Just over there....throwing lemons.
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Posted: Tue Jul 15, 2008 10:20 pm Post subject: |
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And DON'T let your school spend it for you. I have heard of people showing up, and the co-teacher has spent it all buying crap that he or she thought the foreigner would need. It's yours to do with as you please. |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Tue Jul 15, 2008 11:35 pm Post subject: Re: Settlement allowance |
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T-dot wrote: |
I know agencies like SMOE and Epik offer a settlement allowance. I just have a few questions.
1. Does the allowance ever have to be paid back?
2. Do you get it every time you sign a contract (incl. renewals).
3. Can u use it at your own discretion or do you need receipts to justify the allowance? |
1) yes, if you quit before the 6 month mark.
2) No, it is a one time only event.
3) yes, and as said before, don't let anyone spend it on your behalf. If your co-teacher bought a bunch of stuff, say thanks and DEMAND your allowance anyway. If it yours to use to "resettle" your house as you see fit. |
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poet13
Joined: 22 Jan 2006 Location: Just over there....throwing lemons.
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Posted: Tue Jul 15, 2008 11:40 pm Post subject: |
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"its yours to use to "resettle" your house as you see fit."
That means hookers too! |
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