Korean Job Discussion Forums

[dodge]

...because i just got myself a job at a certain university in Gyeonggi-do, and having asked, they say they don't offer any final salary severance pay.

i was under the impression that this was a legal requirement under korean law - usually one month's salary when you complete a year's service.

I got this in my last hagwan job, and I know all public schools pay it, maybe unis are different?????

i was about to send my documents through to finalise the job, but I may hold back until i get this clarified.

anyone got any answers?

cheers

[12ax7]

Well, it used to be that universities did just that, but not any longer. If I understand correctly, the laws have changed and so they've been exempted from doing so if the teachers are on a private pension scheme (whether being on a private pension scheme is better than being on the national one is a whole different discussion).

[dodge]

right, I heard that from some other people too.

that's a bit of a blow.

I don't really want into the pension either, hope I can opt out and not have them deduct the money from my salary.

[cdninkorea]

My university doesn't give severance pay either- the contract lists the annual salary, and my monthly pay is that number divided by 12.

[ttompatz]