Korean Job Discussion Forums

[korwan]

Hello everyone.

I have worked in the public school system in Korea for two years. After I completed my second contract, I signed a year contract at a hogwan in Seoul. I am around six months into it, and for personal reasons, I must return back to the US.

I understand that to clam the pension, you have to show that your contract is up and you are leaving. How do I go about doing this with a broken contract?

Thanks in advance

[schwa]

You dont have to show your contract is up. The key thing is the one-way ticket out. Pension, unlike severance, is based on months, not years.

[Skippy]

Does not matter if you finish a contract or note as schwa said. All you have to do is prove your visa is canceled which is by showing you have left or are leaving.


Please check out the National Pension Site for information on how to get a refund...

http://english.nps.or.kr/jsppage/english/scheme/scheme_04.jsp

[YTMND]

[viciousdinosaur]

Correction: Severance is also calculated monthly. If you worked 18 months at the same place, you would receive 18 months worth of severance. The catch is you have to work at least one year at one location to qualify. So in your case, no severance this year. But it's incorrect to say that it is a yearly benefit.

Pension Issue: Schools are allowed to be up to 3 months behind in their pension contributions. Usually schools put the money in quarterly. Depending on when you leave you could be waiting a while to get your pension money. Best to just fly home and request it from there.

[YTMND]

[venus envy]

I'm in a similar situation, having worked for a public school for a few years and now at a different job. I'll also be leaving early (at the 6mo mark), but I'm wondering what happens if the job I'm currently at does not pay pension like they are supposed to.

I planned on applying for a refund once I'm at home, but now I'm worried that if my current school does not pay in, then I will have difficulty receiving several years of pension from the first job.

Anyone know how this works? *TIA*

[YTMND]

[CentralCali]

After a good six years in the public school system in Busan, I was transferred to a terrible school. I left that school and Korea just over three months into the year-long contract. I received my pension a little over a month after leaving Korea. You should have no problem.