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kermo
Joined: 01 Sep 2004
Location: Eating eggs, with a comb, out of a shoe.
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 Posted: Fri Nov 18, 2005 5:53 am Post subject: Pension Scam-O-Rama |
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Let's say, hypothetically, that a certain hagwon had been employing more than 5 people (like say... 20 or so) without paying them pension benefits or medical insurance.
For some reason, they decide to straighten up and play by the rules, and it is announced that a pension and medical benefits will be available in the New Year. Hooray!
But wait... what's this? 4.5% of the income will be deducted from the employee, and the other 4.5% will be taken out of the employee's salary? Pardon? Don't worry, the hypothetical hagwon says... you'll get all the money back at the end.
This hypothetical employee asked a few questions to clarify whether he or she was in fact being bamboozled, and was struck speechless.
Seriously. Do I look like a complete idiot or is it just the monkey suit and clown shoes I'm wearing??? |
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ajuma
Joined: 18 Feb 2003
Location: Anywere but Seoul!!
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| Posted: Fri Nov 18, 2005 6:07 am Post subject: Re: Pension Scam-O-Rama |
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| kermo wrote: |
Let's say, hypothetically, that a certain hagwon had been employing more than 5 people (like say... 20 or so) without paying them pension benefits or medical insurance.
For some reason, they decide to straighten up and play by the rules, and it is announced that a pension and medical benefits will be available in the New Year. Hooray!
But wait... what's this? 4.5% of the income will be deducted from the employee, and the other 4.5% will be taken out of the employee's salary? Pardon? Don't worry, the hypothetical hagwon says... you'll get all the money back at the end.
This hypothetical employee asked a few questions to clarify whether he or she was in fact being bamboozled, and was struck speechless.
Seriously. Do I look like a complete idiot or is it just the monkey suit and clown shoes I'm wearing??? |
If you meant that the employER will pay 4.5% and the employEE will pay 4.5 %, that's normal. If you have to pay the entire 9% that's NOT normal! BUT the statement that "you'll get it all back" may not be true, depending on what country you're from. |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Fri Nov 18, 2005 7:02 am Post subject: Re: Pension Scam-O-Rama |
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| ajuma wrote: |
| kermo wrote: |
Let's say, hypothetically, that a certain hagwon had been employing more than 5 people (like say... 20 or so) without paying them pension benefits or medical insurance.
For some reason, they decide to straighten up and play by the rules, and it is announced that a pension and medical benefits will be available in the New Year. Hooray!
But wait... what's this? 4.5% of the income will be deducted from the employee, and the other 4.5% will be taken out of the employee's salary? Pardon? Don't worry, the hypothetical hagwon says... you'll get all the money back at the end.
This hypothetical employee asked a few questions to clarify whether he or she was in fact being bamboozled, and was struck speechless.
Seriously. Do I look like a complete idiot or is it just the monkey suit and clown shoes I'm wearing??? |
If you meant that the employER will pay 4.5% and the employEE will pay 4.5 %, that's normal. If you have to pay the entire 9% that's NOT normal! BUT the statement that "you'll get it all back" may not be true, depending on what country you're from. |
Yes, it's irritating not knowing if Kermo simply made a typo in the OP, or if she was literally (hypothetically) told THOSE VERY WORDS. But the "bamboozled", "speechless" and "monkey suit" remarks leads me to think that those WEREN'T typos, and that the hypothetical hagwon is doing a number on their hypothetical weygooks.
"Don't worry, Kermo Teacher -- you only pay 4.5%. The other 4.5%, that's just deducted from your salary. That ain't nothing for you to concern yourself with. Doncha see? YOU, PHYSICALLY, pay only 4.5%, while WE DEDUCT 4.5%. What could be fairer?  "
(Paging Messrs Abbott and Costello!) |
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ajuma
Joined: 18 Feb 2003
Location: Anywere but Seoul!!
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| Posted: Fri Nov 18, 2005 7:10 am Post subject: |
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JongnoGuru: Ah, but "bamboozled" and "speechless" sound like newbie words!! 
Could be s/he made a typo....or maybe not! |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Fri Nov 18, 2005 7:24 am Post subject: |
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| ajuma wrote: |
| JongnoGuru: Ah, but "bamboozled" and "speechless" sound like newbie words!! |
Why is that? Because teachers who've been in the business longer will just consider that sort of trickery as par for the course? Personally, I think it's sad when people lose their ability to be staggered by Korea's audacious flimflammery (whether or not that's what's going on here).
Last edited by JongnoGuru on Fri Nov 18, 2005 7:34 am; edited 1 time in total |
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JacktheCat
Joined: 08 May 2004
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| Posted: Fri Nov 18, 2005 7:27 am Post subject: |
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| Also remember that if you start making penison and medical payments part way through your E-2, you're going to have to make "back payments" to make up for the months you missed. |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Fri Nov 18, 2005 7:35 am Post subject: |
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| JacktheCat wrote: |
| Also remember that if you start making penison and medical payments part way through your E-2, you're going to have to make "back payments" to make up for the months you missed. |
I bet that can get painful when you're having to cover your employer's half as well. |
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ajuma
Joined: 18 Feb 2003
Location: Anywere but Seoul!!
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| Posted: Fri Nov 18, 2005 7:52 am Post subject: |
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| JongnoGuru wrote: |
| ajuma wrote: |
| JongnoGuru: Ah, but "bamboozled" and "speechless" sound like newbie words!! |
Why is that? Because teachers who've been in the business longer will just consider that sort of trickery as par for the course? Personally, I think it's sad when people lose their ability to be staggered by Korea's audacious flimflammery (whether or not that's what's going on here). |
No...because people who have been "in the business" know what to expect. When a school offers "medical and pension", we know that we'll probably have to pay 50% of the cost.
I think that there are very few (if any!) "home-country" jobs that pay ALL of BOTH! |
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ajuma
Joined: 18 Feb 2003
Location: Anywere but Seoul!!
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| Posted: Fri Nov 18, 2005 7:55 am Post subject: |
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| JongnoGuru wrote: |
| JacktheCat wrote: |
| Also remember that if you start making penison and medical payments part way through your E-2, you're going to have to make "back payments" to make up for the months you missed. |
I bet that can get painful when you're having to cover your employer's half as well. |
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