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itiswhatitis
Joined: 08 Aug 2011
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 Posted: Thu Mar 21, 2013 1:07 am Post subject: National Pension Office tells me to see a lawyer...HUH????!! |
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Currently in Korea on an E-2 and previous employer didn't pay pension.
I call National pension today to see how to make a claim to get my money.
The guy at national pension tells me to go to the Seoul Global Center to see a lawyer and he tells me that it's a labor manner...HUH????
Any insight/advice???
Thanks!!!! |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Mar 21, 2013 1:16 am Post subject: Re: National Pension Office tells me to see a lawyer...HUH?? |
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| itiswhatitis wrote: |
Currently in Korea on an E-2 and previous employer didn't pay pension.
I call National pension today to see how to make a claim to get my money.
The guy at national pension tells me to go to the Seoul Global Center to see a lawyer and he tells me that it's a labor manner...HUH????
Any insight/advice???
Thanks!!!! |
NOTHING happens by phone other than chasing your tail and getting sent elsewhere.
GO TO the pension office.
FILE the paperwork. You will need your contract to verify your salary and your status as an employee.
PAY your unpaid premiums.
The NPS will go after your old boss for the balance and eventually forward the balance to you (if you are leaving) or keep your account open (if you are staying).
IF you don't pay YOUR unpaid portion in full they will ignore your claim.
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watergirl
Joined: 01 Jul 2008
Location: Ansan, south korea
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| Posted: Thu Mar 21, 2013 6:00 am Post subject: |
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Hi
I'm in the same boat. I've just finished a job for 2 years where they didn't pay any pension. I've heard that we're merely to go to pension office, but who do we have to pay our share of pension payments to? Because if it's to the same employer who didn't pay in the first place, isn't that a bit ridiculous?
Just asking because I am able to pay my share all upfront, but I don't want to lose more money. Also I was on a private medical insurance plan and does that still mean I can get those pension payments?
thanks if anyone can give some information... |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Mar 21, 2013 6:09 am Post subject: |
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| watergirl wrote: |
Hi
I'm in the same boat. I've just finished a job for 2 years where they didn't pay any pension. I've heard that we're merely to go to pension office, but who do we have to pay our share of pension payments to? Because if it's to the same employer who didn't pay in the first place, isn't that a bit ridiculous?
Just asking because I am able to pay my share all upfront, but I don't want to lose more money. Also I was on a private medical insurance plan and does that still mean I can get those pension payments?
thanks if anyone can give some information... |
You pay the NPS and NOT your previous employer.
Do be aware that if you weren't on the NHIC they may also come after you for back payments (still leaves you money ahead but not as much as you might have thought/wished).
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watergirl
Joined: 01 Jul 2008
Location: Ansan, south korea
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| Posted: Thu Mar 21, 2013 6:15 am Post subject: |
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Ohh, that's good news! Actually, do you know how much the national health plan payments are/per month (apr. of course)?
Because, it might be worth it for me.
And, is it possible I won't have to pay the health plan back as well? I did pay private health insurance. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Mar 21, 2013 7:50 am Post subject: |
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| watergirl wrote: |
Ohh, that's good news! Actually, do you know how much the national health plan payments are/per month (apr. of course)?
Because, it might be worth it for me.
And, is it possible I won't have to pay the health plan back as well? I did pay private health insurance. |
Less than 3% so you end up with a net gain of 1.5% of your gross salary over the time period in question (so about 1.5% times 24m won per year or about 360k won per year worked MORE than if you let it go.
Caveat: only works for Americans, Canadians and Australians.
S.Africans are exempt so also can't get a refund.
NZ, UK and Ire don't/can't get a refund.
Private insurance is NOT a substitute for the national plan. You got screwed by your employer and the NHIC will want their pound of flesh.
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