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minos
Joined: 01 Dec 2010
Location: kOREA
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 Posted: Mon Aug 22, 2011 3:10 pm Post subject: Old job paid two years worth of pension but new job hasn't.. |
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| My newer job is wonderment, but that was the condition of employment(don't need a debate about pension). However if I want to pick up my previous two years of employment would there be any problems? |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Mon Aug 22, 2011 3:44 pm Post subject: Re: Old job paid two years worth of pension but new job hasn |
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| minos wrote: |
| My newer job is wonderment, but that was the condition of employment(don't need a debate about pension). However if I want to pick up my previous two years of employment would there be any problems? |
Yes. You can't collect on pension until you leave the country. Along with all needed documentation (to claim pension) you must show them an airline/ferry ticket out of Korea. |
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Troglodyte
Joined: 06 Dec 2009
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| Posted: Tue Aug 23, 2011 12:45 pm Post subject: Re: Old job paid two years worth of pension but new job hasn |
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| TheUrbanMyth wrote: |
| minos wrote: |
| My newer job is wonderment, but that was the condition of employment(don't need a debate about pension). However if I want to pick up my previous two years of employment would there be any problems? |
Yes. You can't collect on pension until you leave the country. Along with all needed documentation (to claim pension) you must show them an airline/ferry ticket out of Korea. |
And wouldn't he also have a problem when he does leave and they ask him why he hasn't been paying into pension for the last year? |
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minos
Joined: 01 Dec 2010
Location: kOREA
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| Posted: Tue Aug 23, 2011 5:31 pm Post subject: |
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I heard you can pay the difference and then you recieve it right back(since it's your pension money). Is it still true?
I just wanna make sure my pension money doesn't disappear in the system(I know it's there since I was public school for years). I've transferred visas a few times, but never canceled one or applied for a new one. |
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cincynate
Joined: 07 Jul 2009
Location: Jeju-do, South Korea
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| Posted: Tue Aug 23, 2011 8:57 pm Post subject: |
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| Regardless of what is states in your contract, pension contributions are mandatory. You and your boss will have issues when you go to collect. Don't let him screw you out of that money.. it is significant! |
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minos
Joined: 01 Dec 2010
Location: kOREA
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| Posted: Tue Aug 23, 2011 10:42 pm Post subject: |
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| cincynate wrote: |
| Regardless of what is states in your contract, pension contributions are mandatory. You and your boss will have issues when you go to collect. Don't let him screw you out of that money.. it is significant! |
The sweeter, nicer jobs with better conditions tend to eschew this(for tax reasons). I also had some short term E-2 visa contract jobs(it's possible) where the pension wasn't a factor. |
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Mr Lee's Monkey
Joined: 24 Oct 2007
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| Posted: Fri Aug 26, 2011 10:07 am Post subject: calling bullsh#t |
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| Hey OP, if you think sweet and awesome jobs for which the employers don't offer pension are the way to go, then feed the beast, but don't look for advice on how to have it both ways. Chumps like you are the reason so many teachers have to contend with shady directors who don't offer the proscribed pension and health care. It's all about you and only you. You took the pension when it suited you, but some jobs are just "too sweet" for you to keep things lawful..... Go pound sand, pal. |
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