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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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 Posted: Tue Jul 21, 2009 9:13 pm Post subject: Re: I've been offered a choice - Pension or No Pension??? |
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| mai wrote: |
| I've been offered a choice - Choose the pension plan (I'll pay $100/mo. and they'll match it) but have to pay $50/$55/mo. for the National Insurance health plan. |
Unless you are from South Africa, you don't have a choice. Pension is mandatory and National Health is mandatory. Even if you have supplementary insurance, you must still pay for national insurance. You cannot opt out.
That he is asking you to do so on both parts leads me to believe:
1) he's a typical scamming hagwon owner and he wants to avoid being on the government's radar because he's lying about how much taxes he is paying them, OR
2) he's registering you as an independent contrator and further screwing you out of things.. eg. ICs must pay tax roughly double that of people who are registered as contract employees, OR
3) both. |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Tue Jul 21, 2009 9:15 pm Post subject: |
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| Totti wrote: |
| Where are you from? If you're from the UK, you can't collect your pension anyway... |
Why do people keep perpetuating this false information?
Brits DO in fact collect their pension, just not as lump sum payments like Americans and Canadians. Brits' Korean pension contributions are transferred to their British pension plans when they leave Korea. |
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saram_
Joined: 13 May 2008
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| Posted: Wed Jul 22, 2009 1:17 am Post subject: |
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| Young FRANKenstein wrote: |
| Totti wrote: |
| Where are you from? If you're from the UK, you can't collect your pension anyway... |
Why do people keep perpetuating this false information?
Brits DO in fact collect their pension, just not as lump sum payments like Americans and Canadians. Brits' Korean pension contributions are transferred to their British pension plans when they leave Korea. |
Wow..Wow..
A friend of mine living in the UK now, taught in Korea for two years. He did not get any pension returns back as he and I were sure that he wasn't entitled to any returns or transfers.
Can you please explain how one can go about claiming pension back..?
I am from Ireland and having taught in Korea for about 3 years I also am/was fully sure I wasn't entitled to any pension returns.....(Made loads of calls and enquiries and the result was I believed I wouldn't get anything back)
Please enlighten the unenlightened then... |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Wed Jul 22, 2009 1:33 am Post subject: |
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| If they give you a bump in salary rather than pension and you don't give a rat's arse about medical, go for it. No one's going to find out. I have to say, though, that your salary is pretty low to begin with. |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Wed Jul 22, 2009 4:35 am Post subject: |
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| saram_ wrote: |
| Young FRANKenstein wrote: |
| Totti wrote: |
| Where are you from? If you're from the UK, you can't collect your pension anyway... |
Why do people keep perpetuating this false information?
Brits DO in fact collect their pension, just not as lump sum payments like Americans and Canadians. Brits' Korean pension contributions are transferred to their British pension plans when they leave Korea. |
Wow..Wow..
A friend of mine living in the UK now, taught in Korea for two years. He did not get any pension returns back as he and I were sure that he wasn't entitled to any returns or transfers.
Can you please explain how one can go about claiming pension back..? |
I can't give you specifics because I'm not a Brit, but several Pom friends of mine have gone home over the last couple years, and according to them they all got their pension money transferred over. I have no reason to believe they would lie about something like that.
I can't imagine it's more difficult than the form Americanadians have to fill out to get their money.
I would simply call the Pension office and ask them directly. Call 1355. |
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mai
Joined: 12 Jun 2009
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| Posted: Wed Jul 22, 2009 9:42 am Post subject: |
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| yingwenlaoshi wrote: |
| If they give you a bump in salary rather than pension and you don't give a rat's arse about medical, go for it. No one's going to find out. I have to say, though, that your salary is pretty low to begin with. |
I figure 2.1-2.2 is typically the minimum offered to newbies at Hagwons in Seoul. It is on the low end I suppose, but $16 USD/hr for overtime ain't bad either compared to public schools, right? |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Wed Jul 22, 2009 9:46 am Post subject: |
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| mai wrote: |
| but $16 USD/hr for overtime... |
...is actually pretty horrible. My uni pays $20/hr overtime, but I can't be bothered for that low a rate either. |
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mai
Joined: 12 Jun 2009
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| Posted: Wed Jul 22, 2009 9:54 am Post subject: |
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| Young FRANKenstein wrote: |
| mai wrote: |
| but $16 USD/hr for overtime... |
...is actually pretty horrible. My uni pays $20/hr overtime, but I can't be bothered for that low a rate either. |
Ah, I see... Well I've tried to search this site left and right to determine a decent beginners salary. Do you think I could get much better in Seoul as a newbie? 2.4-2.5 seems like a stretch. |
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okayden223
Joined: 05 Jun 2009
Location: Incheon
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| Posted: Wed Jul 22, 2009 10:16 am Post subject: |
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| For a brand new teacher 2.4 is not likely unless you're willing to work some hellacious hours. I think that if you are willing to teach at a hagwon or private academy you should easily be able to find 2.2. Also, you are new, so don't be set on ending up in Seoul. Decent jobs there can be hard to find even for experienced teachers who have done their time in the smaller cities. If I were you I'd broaden your horizons a bit when it comes to where you're willing to live. Any city with a population of at least 500k will have something to offer in terms of things to do and other foreigners to meet. Good luck though. |
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mai
Joined: 12 Jun 2009
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| Posted: Wed Jul 22, 2009 10:34 am Post subject: |
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| okayden223 wrote: |
| For a brand new teacher 2.4 is not likely unless you're willing to work some hellacious hours. I think that if you are willing to teach at a hagwon or private academy you should easily be able to find 2.2. Also, you are new, so don't be set on ending up in Seoul. Decent jobs there can be hard to find even for experienced teachers who have done their time in the smaller cities. If I were you I'd broaden your horizons a bit when it comes to where you're willing to live. Any city with a population of at least 500k will have something to offer in terms of things to do and other foreigners to meet. Good luck though. |
Thank you!! |
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kirsi
Joined: 29 May 2009
Location: dongtan
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| Posted: Thu Jul 23, 2009 6:34 am Post subject: Re: I've been offered a choice - Pension or No Pension??? |
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| Young FRANKenstein wrote: |
That he is asking you to do so on both parts leads me to believe:
1) he's a typical scamming hagwon owner and he wants to avoid being on the government's radar because he's lying about how much taxes he is paying them, OR
2) he's registering you as an independent contrator and further screwing you out of things.. eg. ICs must pay tax roughly double that of people who are registered as contract employees, OR
3) both. |
every single job offer i get is with tax at 3.3% (after i ask about it being 5% @_@ usually). why can i not find any that are not hiring teachers as independent contractors? |
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Totti
Joined: 24 Nov 2007
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| Posted: Thu Jul 23, 2009 3:09 pm Post subject: |
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| Young FRANKenstein wrote: |
| Totti wrote: |
| Where are you from? If you're from the UK, you can't collect your pension anyway... |
Why do people keep perpetuating this false information?
Brits DO in fact collect their pension, just not as lump sum payments like Americans and Canadians. Brits' Korean pension contributions are transferred to their British pension plans when they leave Korea. |
My bad then!  Thanks for the info though. |
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Juregen
Joined: 30 May 2006
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| Posted: Thu Jul 23, 2009 6:30 pm Post subject: |
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| Totti wrote: |
| Where are you from? If you're from the UK, you can't collect your pension anyway... |
This might have changed due to the FTA agreements check it out and call the NPS to make sure.
I know Belgians now can collect their Pension, so maybe UK to. |
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World Traveler
Joined: 29 May 2009
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| Posted: Thu Jul 23, 2009 6:39 pm Post subject: Re: I've been offered a choice - Pension or No Pension??? |
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"every single job offer i get is with tax at 3.3%... why can i not find any that are not hiring teachers as independent contractors"
So let me get this straight, hagwons can get around having to pay into pension and national health insurance by hiring teachers as independent contractors? |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Fri Jul 24, 2009 5:55 am Post subject: Re: I've been offered a choice - Pension or No Pension??? |
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| World Traveler wrote: |
| So let me get this straight, hagwons can get around having to pay into pension and national health insurance by hiring teachers as independent contractors? |
Yep. Because the Tax Man allows them to get away with such an illegal practice.
The Immigration office agrees with us, and the Pension office agrees with us, and the Insurance office agrees with us that work visa holders are NOT independent contractors, they are employees.... but as long as the Tax office continues to allow schools to do it, the other offices' hands are tied. |
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