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raewon
Joined: 16 Jun 2009
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 Posted: Sat Jul 25, 2009 11:08 pm Post subject: pension - What happens to expats who have lump-summed? |
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What happens in terms of pension to expats (I'd like to know for Canadians, Americans, and Australians) who work until near retirement
age in Korea and have already received their pension (lump-sum) from Korea over the years? Do they qualify for old pensions from their native
countries? |
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AgentM
Joined: 07 Jun 2009
Location: British Columbia, Canada
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| Posted: Sun Jul 26, 2009 10:19 am Post subject: Re: pension - What happens to expats who have lump-summed? |
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| raewon wrote: |
What happens in terms of pension to expats (I'd like to know for Canadians, Americans, and Australians) who work until near retirement
age in Korea and have already received their pension (lump-sum) from Korea over the years? Do they qualify for old pensions from their native
countries? |
Well in Canada, the CPP (Canadian Pension Plan) payments are based on how much you contribute to it. So if you haven't contributed much, you won't get much from it. However, in Canada there is the Old Age Security pension as well; I'm not sure of the details of that though. You can look it up here
http://www.servicecanada.gc.ca/eng/isp/oas/oastoc.shtml |
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