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kathycanuck
Joined: 05 Dec 2005
Location: Namyangju
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 Posted: Tue Dec 06, 2005 4:06 am Post subject: serverance vs pension please help |
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| I was just informed that the "severance" promised in my contract meant the pension I'm paying into. I maintain they are different issues: I assumed I would receive approx. 1 month's salary at contract's end. Please help!! |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Tue Dec 06, 2005 4:19 am Post subject: |
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Stick to your guns. You are right on this one.
Severance is equal to one month's salary and is paid (a month or two late) at the end of the contract.
Pension is the money both you and your employer have been (supposedly) paying into each month. |
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kathycanuck
Joined: 05 Dec 2005
Location: Namyangju
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| Posted: Tue Dec 06, 2005 5:08 am Post subject: |
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| thanks Ya_Ta Boy |
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Homer
Guest
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| Posted: Tue Dec 06, 2005 5:41 am Post subject: |
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If you completed your one year contract then your severance is one-months pay.
Pension is a completely separate issue. |
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