Korean Job Discussion Forums

ehsann24 · Joined: 18 Dec 2006 Location: Korea

So I have a friend who left today, he was over at my place last night and told me he got half of his severance pay(1.1mil)today. He has been at my towns mid school for 18 months, he got his pension in full last year and got another 1.1mil for his 6 months in the second contract. Is that possible??or he is just a lucky ba......??

nomad-ish

ehsann24 · Joined: 18 Dec 2006 Location: Korea

his contract was a year and he decided to quit after 6 months. The school told him you will get 1.1 mil as retirement grant!!!!!!!and he did get it....now I guess they mean severance pay by re-grant......I am in shock at this moment....I will be out in 2 months and hope to get that also..hehe...

Horangi Munshin · Joined: 06 Apr 2003 Location: Busan

Your friends school was extremely generous.

I received a quarter severance once after only 5 mths at a poorly run hagwon that never had enough classes for me. My recruiter at the time negotiated that without my knowledge Smile

ehsann24 · Joined: 18 Dec 2006 Location: Korea

I did not know some schools will give severance after just 6 months...or in your case quarter from a hagwon....not bad ey!!!!

Bibbitybop · Joined: 22 Feb 2006 Location: Seoul

Acutally, I've read that you get severance starting after 12 months. If you quit your job after 12 months, you get pension for every month. It is through the pension office, not your school's good graces.

ehsann24 · Joined: 18 Dec 2006 Location: Korea

cruisemonkey · Posted: Wed Oct 17, 2007 10:30 pm Post subject:

It's the first I've heard of anyone getting severance for six months.

What confuses me is how he could get his pension after a year if he re-signed. I re-signed after my first year... and had to wait two years (until I switched jobs) to collect my pension. How did he get his pension without 'permanently' leaving Korea?

ehsann24 · Joined: 18 Dec 2006 Location: Korea

cruisemonkey · Posted: Wed Oct 17, 2007 10:52 pm Post subject:

ehsann24 · Joined: 18 Dec 2006 Location: Korea

sorry my bad....

cruisemonkey · Posted: Wed Oct 17, 2007 11:36 pm Post subject:

Hyeon Een · Joined: 24 Jun 2005

You are entitled to severance pay after 12 months of work. If you work for 18 months you are entitled to 1.5months severance pay. The fact that your friend was on a new contract shouldn't matter if it is with the same employer. Some hagwan bosses will lie and say they don't have to pay it because he only worked there for 6 months of his second contract; however the fact that he has worked there for 18 months in total means he was entitled to an extra .5months bonus.

As he signed a second contract the school didn't have to pay him sevarance pay after 12 months (since he was staying with them); they could legally have refused to pay until he left the school for good. However most schools will still allow you to take it. They don't have to pay it until you stop working for them though.

Your friend was entitled to the money, but a lot of people don't actually get it. So yes, he's lucky =)