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Severance

 
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lifeinkorea



Joined: 24 Jan 2009
Location: somewhere in China

PostPosted: Wed Jul 22, 2009 1:35 am    Post subject: Severance Reply with quote

Does severance ever include overtime if it has been regularly paid? I heard and understand it's the average from the last 3 months, so I guess it can't be just the base salary. I just want to confirm.
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buster brown



Joined: 26 Aug 2005
Location: Seoul

PostPosted: Wed Jul 22, 2009 9:50 pm    Post subject: Reply with quote

I don't remember the exact clause in the Labor Law, but 'average salary' is defined there. Your severance should be the average of the previous 3 months' pay including overtime or bonuses.
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marlow



Joined: 06 Feb 2005

PostPosted: Thu Jul 23, 2009 12:34 am    Post subject: Reply with quote

http://forums.eslcafe.com/korea/viewtopic.php?t=133247&highlight=

I was trying to learn this last year and ttompatz gave the links for the labor law in the above topic.

It is certainly an average of ALL money or things of value you receive from your employer during the last three months. The only thing I'd like to know, which I don't know, is whether payment for previous months' work made in the final three months counts. I think and hope it does because I usually end up getting paid for after school classes each semester instead of each month.
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lifeinkorea



Joined: 24 Jan 2009
Location: somewhere in China

PostPosted: Thu Jul 23, 2009 1:23 am    Post subject: Reply with quote

If they don't, then they need to definitely take into account the extra money that would theoretically go into your 13th month. All that stuff has to get squared away before you leave or move on to another school.
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Ramen



Joined: 15 Apr 2008

PostPosted: Thu Jul 23, 2009 10:08 pm    Post subject: Reply with quote

marlow wrote:
http://forums.eslcafe.com/korea/viewtopic.php?t=133247&highlight=

I was trying to learn this last year and ttompatz gave the links for the labor law in the above topic.

It is certainly an average of ALL money or things of value you receive from your employer during the last three months.


Does this include housing allowance?
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