Korean Job Discussion Forums

[depth]

hi all,

if any of the forum experts could please advise...


do Pension payments earn interest?

had a look at the Pension website and couldn't find any info.

in australia our superannuation payments do earn interest, so was wondering if it might be the same here in korea.


thanks for any answers

[goreality]

Yes, but I don't remember the rate. Pension contributions are tax free, but when you 'withdrawl' you will be hit with the 3.5