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big_fella1
Joined: 08 Dec 2005
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 Posted: Tue Oct 09, 2012 11:47 pm Post subject: |
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| Swampfox10mm wrote: |
| Am I correct in assuming this means nothing for those of us working at private universities with a private pension plan? |
The government now mandates that Retirement Allowance, the correct name for severance, only be paid on leaving your employer.
If you have a PhD you aren't entitled to Retirement Allowance.
However it seems private universities know that they can get away with not paying it to any foreigner, regardless of their degree. Disputes with universities are not handled by the labor board. There is a separate body that deals with university teaching staff disputes. Unfortunately I cannot remember the name of the body, maybe someone else can chime in.
If you are employed by a unigwon, the labor board will handle complaints about not being paid severance, etc. |
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mnjetter
Joined: 21 Feb 2012
Location: Seoul, S. Korea
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| Posted: Wed Oct 10, 2012 12:43 am Post subject: |
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...lol? |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Wed Oct 10, 2012 2:52 am Post subject: |
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Regarding the OP I found an English reference to the law change from Kim and Chang a well known Korean law firm for international companies in Korea. No more early payment of Retirement Allowance unless you're buying a house.
http://www.kimchang.com/mailzine.asp?mailzine_no=1057 |
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lithium
Joined: 18 Jun 2008
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| Posted: Wed Oct 10, 2012 11:07 am Post subject: |
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| This will be a non-issue once President Romney issues an executive order to kill this shinolla sandwich. |
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newb
Joined: 27 Aug 2012
Location: Korea
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| Posted: Wed Oct 10, 2012 6:57 pm Post subject: |
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| lithium wrote: |
| This will be a non-issue once President Romney issues an executive order to kill this shinolla sandwich. |
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