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mountainman9
Joined: 30 Jan 2011
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 Posted: Thu Aug 29, 2013 5:37 pm Post subject: quitting job and worried about getting my pension |
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hi,
i have been here over 3 years and recently changed jobs, and hate my new job. i am now 1 month into a new contract and looking to leave korea.
my question is about pension, specifically what happens if i do a midnight run?
is there any way that my new employer/director can do something to delay or prevent me receiving my lump sum refund?
i am not really worried about the 1 or 2 months that i will be owed from the new job, just about the 8 million plus that is already in my account.
i will be returning to the US and getting back on with my career there so am not worried about LOR or any visa issues, only the pension.
thoughts? advice?
cheers... |
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nicwr2002
Joined: 17 Aug 2011
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| Posted: Thu Aug 29, 2013 9:56 pm Post subject: |
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| Your employer doesn't control pension. You might want to call the pension office and make sure there is money there though. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Aug 29, 2013 11:03 pm Post subject: Re: quitting job and worried about getting my pension |
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| mountainman9 wrote: |
hi,
i have been here over 3 years and recently changed jobs, and hate my new job. i am now 1 month into a new contract and looking to leave korea.
my question is about pension, specifically what happens if i do a midnight run?
is there any way that my new employer/director can do something to delay or prevent me receiving my lump sum refund?
i am not really worried about the 1 or 2 months that i will be owed from the new job, just about the 8 million plus that is already in my account.
i will be returning to the US and getting back on with my career there so am not worried about LOR or any visa issues, only the pension.
thoughts? advice?
cheers... |
As long as there is money in your NPS account you can get the refund.
You need:
passport
ARC
one way ticket out of Korea.
Go to the NPS office and fill in the forms.
There is NOTHING an employer can do to prevent or delay the refund.
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Skippy
Joined: 18 Jan 2003
Location: Daejeon
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| Posted: Thu Aug 29, 2013 11:28 pm Post subject: |
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BUT if you apply early for the pension, some pension people might ruin the surprise of the midnight run. Officials have been know to call schools about ending times and that.
Do check out the pension website on other options on refund, even from overseas back home. More difficult but doable.
Last edited by Skippy on Fri Aug 30, 2013 4:16 am; edited 1 time in total |
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Keeper
Joined: 11 Jun 2012
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Aug 29, 2013 11:47 pm Post subject: |
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| Skippy wrote: |
BUT if you apply early for the pension, some pension people might ruin the surprise of the midnight run. Officials have been know to call schools about ending times and that.
Do check out the pension website on other options on refund, even from overseas back home. More difficult be doable. |
Do it on your way to the airport or the day after payday.
Leave the following day. No-one will stop you from leaving.
The refund will still happen on schedule |
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mountainman9
Joined: 30 Jan 2011
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| Posted: Fri Aug 30, 2013 4:58 am Post subject: |
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thanks all!!!
you guys are the best...
cheers... |
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