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shostahoosier
Joined: 14 Apr 2009
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 Posted: Sat Jan 05, 2013 4:44 pm Post subject: I want to switch from E-2 to D-2 & get pension...how? |
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My contract finishes this spring but I will be going right into graduate school.
I've heard that I can easily switch my E-2 to a D-2 but that the pension money stays in the pot.
Is there a way to leave and withdraw the money without canceling the new D-2? Or is there another option (returning before getting a D-2 and applying for it from scratch)? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sat Jan 05, 2013 6:24 pm Post subject: Re: I want to switch from E-2 to D-2 & get pension...how |
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| shostahoosier wrote: |
My contract finishes this spring but I will be going right into graduate school.
I've heard that I can easily switch my E-2 to a D-2 but that the pension money stays in the pot.
Is there a way to leave and withdraw the money without canceling the new D-2? Or is there another option (returning before getting a D-2 and applying for it from scratch)? |
You need to cancel your current status of sojourn to enable you to get your pension money out (assuming you mean the NPS).
The ONLY way to do that is leave, turn in your ARC and return on your new D2.
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shostahoosier
Joined: 14 Apr 2009
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| Posted: Sun Jan 06, 2013 7:33 pm Post subject: Re: I want to switch from E-2 to D-2 & get pension...how |
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| ttompatz wrote: |
| shostahoosier wrote: |
My contract finishes this spring but I will be going right into graduate school.
I've heard that I can easily switch my E-2 to a D-2 but that the pension money stays in the pot.
Is there a way to leave and withdraw the money without canceling the new D-2? Or is there another option (returning before getting a D-2 and applying for it from scratch)? |
You need to cancel your current status of sojourn to enable you to get your pension money out (assuming you mean the NPS).
The ONLY way to do that is leave, turn in your ARC and return on your new D2.
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So would it be possible to do the paperwork for the D-2, leave Korea and let my E-2 finish, and then come back and process the D-2 without having to do all of the criminal background stuff, etc.? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sun Jan 06, 2013 10:52 pm Post subject: Re: I want to switch from E-2 to D-2 & get pension...how |
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| shostahoosier wrote: |
| ttompatz wrote: |
| shostahoosier wrote: |
My contract finishes this spring but I will be going right into graduate school.
I've heard that I can easily switch my E-2 to a D-2 but that the pension money stays in the pot.
Is there a way to leave and withdraw the money without canceling the new D-2? Or is there another option (returning before getting a D-2 and applying for it from scratch)? |
You need to cancel your current status of sojourn to enable you to get your pension money out (assuming you mean the NPS).
The ONLY way to do that is leave, turn in your ARC and return on your new D2.
. |
So would it be possible to do the paperwork for the D-2, leave Korea and let my E-2 finish, and then come back and process the D-2 without having to do all of the criminal background stuff, etc.? |
You don't need any CBC stuff for a student visa.
Yes.
Process the D2 stuff (gather the paperwork).
Leave Korea.
Hand in your ARC on the way out (closing your E2 status of sojourn).
While you are out, get your D2 from a consulate.
Return on your D2.
Collect your pension.
Enjoy yourself.
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shostahoosier
Joined: 14 Apr 2009
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| Posted: Tue Jan 08, 2013 6:38 pm Post subject: |
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Wow, thanks for the info (as always!)
And my credit cards should still be ok too right? Or will it be one of those cases that they will last until they expire, and then I won't be able to renew because I won't be on a working visa?
And can I just say I lost my ARC? It's the old kind so I kind of have (dumb) sentimental feelings about it.  |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Jan 08, 2013 7:26 pm Post subject: |
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| shostahoosier wrote: |
Wow, thanks for the info (as always!)
And my credit cards should still be ok too right? Or will it be one of those cases that they will last until they expire, and then I won't be able to renew because I won't be on a working visa?
And can I just say I lost my ARC? It's the old kind so I kind of have (dumb) sentimental feelings about it. |
C/Cs will be fine. You should get a new ARC on your D2.
"lose it, go to immigration and apply for a new one. Cost you 20k plus the delivery fee. Do it ASAP since it will take a couple weeks to get the replacement.
Unless there is time remaining you will be fined (100k) for not handing it in when you depart.
If there is time remaining and you don't hand it in then you won't cancel your status, may not get your refund or the new D2 (since you will still have a valid visa).
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