Korean Job Discussion Forums

scruggsey · Joined: 07 May 2005 Location: Seoul

Hi All,
I apologize if this topic has been covered here before. I am an American and have been working in Korea for 4 years. I have been paying into the Korean pension system during that time. I've heard that I can collect that money before leaving. Does anyone know about this process? I'm in the early stages. I will be leaving in February 2009.
Thanks for any tips.
Best,
Scruggs

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

scruggsey · Joined: 07 May 2005 Location: Seoul

Thanks for the tips!
Best,
Scruggs

Teachurrrr · Joined: 21 May 2008 Location: Parts Unknown

I seem to recall a post by someone who recieved their Pension contributions before leaving Korea, but I can't find it.

Thanks Ttompatz for the answer, but for me the question still lingers, 'Is it possible to visit the pension office, submit required paperwork, and possibly get refunded before leaving Korea?"

I figure the details about this may vary from pension office to pension office, it is likely that people will be given a somewhat different explanation by officials about receving money before leaving, and it might work for a few while the norm is to receive it after leaving Korea.

That being said, if anyone has received their pension contributions before leaving Korea, could you share the process? Maybe it would provide some insight on how to do this (or not).

Thanks.

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

Teachurrrr · Joined: 21 May 2008 Location: Parts Unknown

Thanks for the info. I usually plan to be in country (Korea) around 1 month after a contract (or contracts) finishes just to have time to deal with any situations that may arise. If my high school plays it straight, which they have been good thus far, then I will try to get the pension in the month after my contract expires before I leave Korea. It's worth a shot. Thanks again.