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Korean Job Discussion Forums
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Poktanju
Mod Team
Joined: 15 Jun 2005
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 Posted: Tue Jun 06, 2006 7:02 am Post subject: Filing for pension refund without ARC |
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| I need to go file for a pension refund at the pension office for the time that I was working at a certain hogwan about 2 years ago. Problem is, is that I don't have the ARC from back then, and I don't remember the number. Anyone ever filed for pension refund on past years, despite not having that particular ARC anymore? Will they have me on file if I just bring passport, bank acct, and plane ticket? |
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denverdeath
Joined: 21 May 2005
Location: Boo-sahn
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| Posted: Tue Jun 06, 2006 7:14 am Post subject: |
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Your ARC number from only two years ago should be the same as your current one. If you have an ARC now, bring it along with your passport, banking info, SIN/Social Security Number and check out what's on file. Hopefully that hakwon from two years ago contributed what they were supposed to.
p.s. If you are not in-country, I guess they should be able to do things with you name and passport(s) number(s) by some sort of cross-referencing. |
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Poktanju
Mod Team
Joined: 15 Jun 2005
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| Posted: Tue Jun 06, 2006 7:28 am Post subject: |
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| denverdeath wrote: |
| Your ARC number from only two years ago should be the same as your current one. If you have an ARC now, bring it along with your passport, banking info, SIN/Social Security Number and check out what's on file. Hopefully that hakwon from two years ago contributed what they were supposed to. |
I don't have an ARC right now, as I just finished a contract and left the country. I re-entered with intention for looking for a new gig, but am leaning towards going back to the West for a bit, so I'm looking at this pension thing now. So, I'm without ARC.
Also, about the SIN. I don't think that's mandatory, is it? I've known guys who only had to provide passport, ARC, bank acct info and proof of onward travel, and that's it. |
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denverdeath
Joined: 21 May 2005
Location: Boo-sahn
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| Posted: Tue Jun 06, 2006 7:38 am Post subject: |
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| Poktanju wrote: |
| denverdeath wrote: |
| Your ARC number from only two years ago should be the same as your current one. If you have an ARC now, bring it along with your passport, banking info, SIN/Social Security Number and check out what's on file. Hopefully that hakwon from two years ago contributed what they were supposed to. |
I don't have an ARC right now, as I just finished a contract and left the country. I re-entered with intention for looking for a new gig, but am leaning towards going back to the West for a bit, so I'm looking at this pension thing now. So, I'm without ARC.
Also, about the SIN. I don't think that's mandatory, is it? I've known guys who only had to provide passport, ARC, bank acct info and proof of onward travel, and that's it. |
I recently received a lump-sum refund after I had verification that I was on with the private pension fund(following some advice from previous threads and looking more closely at the web-pages). You also have to fill out some forms. On them they ask for your SIN...I had almost forgotten mine as I hadn't used it in nearly ten years.
Anyway, do you not have a photocopy or sth of your most recent ARC? Or, do you know the number of your most recent one? If you're in-country, you can just go and make an inquiry at the office nearest you. They can tell you how much is there and who contributed what. I always had my ARC with me when I've gone, but things might be fine in your situation if you explain things to them. Honestly tell them that you are here on a tourist visa and no longer have an ARC. It's your money. |
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Big Mac
Joined: 17 Sep 2005
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| Posted: Tue Jun 06, 2006 7:43 am Post subject: |
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Speaking of pension refunds...I have a concern about mine as well.
I'm planning to return to Korea in the next few weeks. I'm in Canada now. I was told it was better to apply in Canada through HRDC. I did, but the Canadian government is so slow that they won't even begin to be able to process my application until January 2007.
What's going to happen to my application when I go to Korea and start contributing to pension again? If I have the same ARC number, then won't that mean that I'll have to wait until the next time I leave Korea to get my old pension refund?
Damn Canadian government. I hate how inefficient they are. I've complained heartily to them about this and even complained to my member of parliament to no avail. |
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denverdeath
Joined: 21 May 2005
Location: Boo-sahn
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| Posted: Tue Jun 06, 2006 8:00 am Post subject: |
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| Big Mac wrote: |
Speaking of pension refunds...I have a concern about mine as well.
I'm planning to return to Korea in the next few weeks. I'm in Canada now. I was told it was better to apply in Canada through HRDC. I did, but the Canadian government is so slow that they won't even begin to be able to process my application until January 2007.
What's going to happen to my application when I go to Korea and start contributing to pension again? If I have the same ARC number, then won't that mean that I'll have to wait until the next time I leave Korea to get my old pension refund?
Damn Canadian government. I hate how inefficient they are. I've complained heartily to them about this and even complained to my member of parliament to no avail. |
I, and others I know, have always done it here just before leaving. Usu takes two-to-three months to have it deposited into your acct back home. With my most recent application, it only took three days for it to be deposited into my acct here. In your situation, maybe you might want to consider cancelling your application? All that most likely will happen if you don't cancel it is that you'll still see the same amt sitting there (plus interest) as when you left if you do an inquiry when you get back here because of the lethargic Cdn processing. When the application process is finalized in Canada, your pension acct will probably reflect the payment. You just start back at ground zero again. I'm assuming that it depends on when you applied. If you applied for two years' worth of pension or whatever, you'll get it in your acct in Canada. Whatever is in your acct with you new position will be there when you apply again. If I were you, I would call up the HRDC and tell them to cancel the application. I can't believe that they tell you it takes a year! |
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Big Mac
Joined: 17 Sep 2005
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| Posted: Tue Jun 06, 2006 8:15 am Post subject: |
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I've thought of cancelling the application too. But I wonder if it will hurt anything just to leave it alone and see whether it goes through, despite the fact that I'll be back in Korea before they even look at it.
I applied for the refund in December 2005. HRDC says they are a full year behind in processing all pension applications.
I had no choice but to use this process. If I had applied before I left Korea there wouldn't have been any place for them to put the money. I didn't have an account in Canada for them to wire it to and I didn't want it put into an account in Korea because I wasn't sure if I would be able to access it without an international bank card. I also didn't know if I was ever going to return.
So a word of caution to all those thinking of applying in Canada....DON'T DO IT!! |
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