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wanderingsalsero
Joined: 23 Dec 2006
Location: Houston, TX.
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 Posted: Mon Dec 08, 2008 8:52 am Post subject: Public school says they weren't deducting for my pension.. |
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I'm going to go by my bank and check my deposits tomorrow but I'd like to ask anyway........
Friday is my last day at the public high school where I work now. Last week I asked about getting my pension contributions back like I've heard everybody talking about.
At first I was told that I wouldn't get them back until I terminated my employ with GEPIK and since my new job is also in GEPIK that my account would stay open but I'd get it when I eventually left the country.
I thought that made sense. The next day or so I was told(i.e. by the lady in my office who handles all my inquiries with the Korean-only speaking head office) that they had not been deducting anything from my pay for pension payments because I'm over 62 (actually I was 63 when I got here and am 64 now).
Is it plausible, or is it the GEPIK policy (if you know) that they don't take pension deductions for older teachers like me?
I think it's possible but I think it would be smart to check and make sure. I would think it would be kinda hard for a public school to take that money and hide it from me without me knowing. I do know that every payday my account balance does jump up a lot....i.e. indicative that I'm getting my gross pay...2.2 mil.)
And yeah, yeah........I know. You don't need to tell me I should be keeping track of what I was getting paid anyway. I assumed they were though and it's so friggin' hard to get anything done at my local (almost local) Nongyap bank without going with a Korean.
Regards,
Art |
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icicle
Joined: 09 Feb 2007
Location: Gyeonggi do Korea
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| Posted: Mon Dec 08, 2008 11:24 am Post subject: |
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One thing that the school should have given to you each pay is written details of your pay ... so a breakdown of what you were being paid ... I think that it is a standard part of their procedures ... I know that it is probably too late for you now ... but it is worth knowing for anyone else in a public school (or indeed any school) to make sure they get so that any problems can be sorted out early on.
In your position now I would probably speak to the Pension Office to find out what the offical position is on employer requirements to pay pension at your age ... I don't know what the legal position is (It is just possible that the school is right ... but I would want to check it out further before I just accepted it .... which is what you are doing) |
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mountainous
Joined: 04 Sep 2007
Location: Los Angeles
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| Posted: Mon Dec 08, 2008 1:14 pm Post subject: "Public School" |
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| wanderingsalsero wrote: |
| The next day or so I was told(i.e. by the lady in my office who handles all my inquiries with the Korean-only speaking head office) that they had not been deducting anything from my pay for pension payments because I'm over 62 (actually I was 63 when I got here and am 64 now). |
I would read the law and see what it says. I have a great Korean lawyer but he's very expensive, so as much as I would like to help you on that front, I can't afford it.
[quote="wanderingsalsero" I would think it would be kinda hard for a public school to take that money and hide it from me without me knowing. [/quote]
Allow me to play devil's advocate: It would be easy for the hagwon to pay you less $$$ than they owe you and it will be difficult for you to find that $$$.
| wanderingsalsero wrote: |
| I should be keeping track of what I was getting paid anyway. |
We suggest obtaining a written statement of deductions w/each payment.
I intentionally referred to the public school as a "hagwon" here, a reminder that posters routinely report that Korean public school branches fail to honor the contract, fail to pay salary, fail to reimburse for airfare, fail to pay pension, etc... |
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Tobias
Joined: 02 Jun 2008
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| Posted: Mon Dec 08, 2008 4:17 pm Post subject: The thing is... |
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| wanderingsalsero wrote: |
....Last week I asked about getting my pension contributions back like I've heard everybody talking about....
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If you did retrieve your contributions, assuming your school did deduct pension from your salary, you'd be getting back only half what you're due. That's because your public school contributes 1:1 what you contribute. If you get back only what YOU have paid in, you need to call somebody at the pension office, as you're due some green. Pension office today, tomorrow the lawyer. The law is the law is the law.
I love this place. These guys want YOU to be a squeaky-clean candidate and will even force you to return to your home country to retrieve pieces of paper proving you're Mr. Clean, while they themselves ignore and even blatantly break the law. |
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mountainous
Joined: 04 Sep 2007
Location: Los Angeles
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| Posted: Mon Dec 08, 2008 8:51 pm Post subject: Re: The thing is... |
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| Tobias wrote: |
| I love this place. These guys want YOU to be a squeaky-clean candidate and will even force you to return to your home country to retrieve pieces of paper proving you're Mr. Clean, while they themselves ignore and even blatantly break the law. |
Korea Sparkling  |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Dec 10, 2008 7:26 am Post subject: |
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If you are over 62 you are exempt from paying into the NPS (since you are old enough to be drawing it) and USUALLY (for Koreans) the age of MANDATORY retirement from the public service is 62 so there is no provision to allow for older workers to contribute to it.
sorry |
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