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michaelambling
Joined: 31 Dec 2008
Location: Paradise
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 Posted: Thu Jan 08, 2009 8:49 pm Post subject: Severance pay on 2-year contract |
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| I've signed up for a two-year contract. After 12 months, am I entitled to a month's bonus pay? |
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MattAwesome
Joined: 30 Jun 2008
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| Posted: Thu Jan 08, 2009 8:55 pm Post subject: |
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| read your contract |
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michaelambling
Joined: 31 Dec 2008
Location: Paradise
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| Posted: Thu Jan 08, 2009 9:02 pm Post subject: |
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| MattAwesome wrote: |
| read your contract |
It makes no mention of severance pay either way. |
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Scotticus
Joined: 18 Mar 2007
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| Posted: Thu Jan 08, 2009 10:18 pm Post subject: |
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According to Korea labor law, two years at a school would entitle you to two months pay - calculated by taking the last three months you were paid and finding the average per month total. Then that average is doubled (because of the two years).
Having said that, some places are exempt from the Severance system. I'm NOT well-versed in that area - however almost all haggies and ps's fall under the law I stated above. If you're not sure and fear your school is trying to give you the shaft, perhaps call the Labor Board (preferabbly with a Korean friend to help out). |
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michaelambling
Joined: 31 Dec 2008
Location: Paradise
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| Posted: Thu Jan 08, 2009 10:36 pm Post subject: |
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| Scotticus wrote: |
According to Korea labor law, two years at a school would entitle you to two months pay - calculated by taking the last three months you were paid and finding the average per month total. Then that average is doubled (because of the two years).
Having said that, some places are exempt from the Severance system. I'm NOT well-versed in that area - however almost all haggies and ps's fall under the law I stated above. If you're not sure and fear your school is trying to give you the shaft, perhaps call the Labor Board (preferabbly with a Korean friend to help out). |
My employer is a private university. Are they exempt? |
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Whistleblower
Joined: 03 Feb 2007
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| Posted: Thu Jan 08, 2009 11:16 pm Post subject: |
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| michaelambling wrote: |
| MattAwesome wrote: |
| read your contract |
It makes no mention of severance pay either way. |
 
Good luck, I hope you enjoy your two years. |
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Scotticus
Joined: 18 Mar 2007
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| Posted: Fri Jan 09, 2009 3:21 am Post subject: |
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| michaelambling wrote: |
My employer is a private university. Are they exempt? |
I know that some unis have their own pension plan and so are somehow exempt from the severance law. However, I think it's dependant on the particular school. Your best bet is to ask them or to call Labor. I haven't been to a uni yet (starting at one in March), so I don't have any personal experience there. |
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poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
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| Posted: Fri Jan 09, 2009 4:31 am Post subject: |
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"It makes no mention of severance pay either way."  Run Run RUn RUn Run Run Run RuNR uNR URN RUn RuN RURN Run RunR uNR Run Run Run Run Run Run Run RRUn Run Run Run Run Run Run Run Run Run Run Run Run Run Runr uN RRUN Run RunR uRNRUn RuNR uNR RUn RuNR UNRu RRun Run RunR un RunR unR unR uN RrRUnR RRUnRunRuNR RuNRUN runRun RunR URN Run Run Run Run RUn Run Run RunR UNR Run Run R
Ok, that's was as fast as I could type "Run" in 10 seconds while beer buzzed. |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Fri Jan 09, 2009 6:52 am Post subject: |
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| michaelambling wrote: |
| My employer is a private university. Are they exempt? |
If they pay into a private pension systm, then yes, they are exempt from paying severance. If they pay into the national pension system, then no, they are not exempt. |
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