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Abashiri
Joined: 19 Dec 2003
Location: Vancouver
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 Posted: Sat Jun 11, 2005 7:59 pm Post subject: Pension Refund |
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About a year ago my boss started gleening about 100,000 won off of my check every month for pension. I am leaving in abput 45 days. Is there any paperwork I have to do before I can receive that money back?
Thanks a lot
www.davestravels.com |
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dulouz
Joined: 04 Feb 2003
Location: Uranus
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| Posted: Sat Jun 11, 2005 8:12 pm Post subject: |
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| Yes, of course. You should also check to see if he is actually putting it the pension account instead of in his pocket. Search the site, all the info and instructions are there. |
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prosodic
Joined: 21 Jun 2004
Location: ����
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| Posted: Sun Jun 12, 2005 12:20 am Post subject: |
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| Make sure that your nationality entitles you to the pension refund. |
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Wishmaster
Joined: 06 Feb 2003
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| Posted: Sun Jun 12, 2005 12:20 am Post subject: |
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| Yeah, if you are British, you don't get it. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Sun Jun 12, 2005 4:37 am Post subject: |
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| I would think your first step would be to contact the local National Pension office. They will tell you what to do. (It's much easier than sifting through hundreds of posts.) |
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Hollywoodaction
Joined: 02 Jul 2004
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| Posted: Mon Jun 13, 2005 5:29 pm Post subject: |
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| Here's a question. I've contributed into the National Pension plan. It's refundable, so no problem. But, what about my contributions to the national pension plan for school teachers ("private pension")? Can I get both back or just one? |
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pollyplummer
Joined: 07 Mar 2005
Location: McMinnvillve, Oregon
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| Posted: Mon Jun 13, 2005 8:52 pm Post subject: pension office |
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| Is there only one Pension Office? I live in Bucheon. How can I locate the pension office nearest me? |
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JacktheCat
Joined: 08 May 2004
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pollyplummer
Joined: 07 Mar 2005
Location: McMinnvillve, Oregon
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| Posted: Mon Jun 13, 2005 8:58 pm Post subject: thanks! |
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Thanks! You're #1!!! (after Korea, of course  ) No, really, I appreciate it. |
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Hollywoodaction
Joined: 02 Jul 2004
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| Posted: Tue Jun 14, 2005 4:12 am Post subject: |
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| Call 1355, dial '0', and ask for help in English. |
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OiGirl
Joined: 23 Jan 2003
Location: Hoke-y-gun
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| Posted: Tue Jul 12, 2005 6:41 am Post subject: |
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| How can I claim a pension from a contract I completed quite a few years ago? The only "proof" I have is the E-2 in my expired passport. Is there any benefit to leaving the money there to accrue? Do several noncontiguous periods of employment get credited to the same account? I know, I'm so clueless, but it seems there's a few million won I should claim sooner or later. Can foreigners retire in Korea and draw their pension? |
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OiGirl
Joined: 23 Jan 2003
Location: Hoke-y-gun
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| Posted: Tue Jul 12, 2005 6:43 am Post subject: |
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I found a partial answer here:
http://www.npc.or.kr/eng/enpsk.html?code=./enpsk/a06.html
If you can get your Korean pension at retirement age, and it can be sent to you anywhere in the world, why are people getting the lump sum reimbursement? Do you cash out your 401k every time you leave a job back home? |
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pollyplummer
Joined: 07 Mar 2005
Location: McMinnvillve, Oregon
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| Posted: Thu Jul 14, 2005 6:26 pm Post subject: which office? |
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| Do you have to go to the Pension office nearest you? Or will the main one do? Does anyone know? I'm headed out to one soon. Thanks. |
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pegpig
Joined: 10 May 2005
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| Posted: Thu Jul 14, 2005 6:47 pm Post subject: |
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| OiGirl wrote: |
If you can get your Korean pension at retirement age, and it can be sent to you anywhere in the world, why are people getting the lump sum reimbursement?
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Many teachers are young and want the money to travel/party.
Most figure to never come back again. Why wait?
Most don't trust the gov't to get their money back "later".
Me? I'm points 2 & 3.
| OiGirl wrote: |
| Do you cash out your 401k every time you leave a job back home? |
No. But, in that case you're not leaving the country.
Korea's a little screwy. My wife took "part" of her pension when she travelled a few years ago. Now, when we leave for Canada she'll take out the rest. I don't know if we can do that back home. Just take out some of our pension money whenever we want? I can understand if you're allegedly leaving for good, but she was just travelling the last time. |
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