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tfunk
Joined: 12 Aug 2006
Location: Dublin, Ireland
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 Posted: Wed Aug 06, 2008 11:30 pm Post subject: The good news is; you don't have to pay your pension. |
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| My recruiter emailed me; she said I didn't have to pay into my pension with upcoming job. Is this legal? I'm Irish and won't benefit from the pension in any case. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Wed Aug 06, 2008 11:50 pm Post subject: |
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(a) it is not legal
(b) if you are caught you will have to pay all outstanding monies retroactively |
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tfunk
Joined: 12 Aug 2006
Location: Dublin, Ireland
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| Posted: Thu Aug 07, 2008 12:32 am Post subject: |
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| TheUrbanMyth wrote: |
(b) if you are caught you will have to pay all outstanding monies retroactively |
I'm guessing that it's not a legal requirement that the employer is liable for 50% of these fees? |
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bodybydada
Joined: 07 Sep 2006
Location: Jinju
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| Posted: Thu Aug 07, 2008 5:10 am Post subject: |
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| tfunk wrote: |
| TheUrbanMyth wrote: |
(b) if you are caught you will have to pay all outstanding monies retroactively |
I'm guessing that it's not a legal requirement that the employer is liable for 50% of these fees? |
in that circumstance, you would be liable only for your share. But if you worked for 5 years without paying into the pension, that would be quite a large sum of money. |
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Thu Aug 07, 2008 5:38 am Post subject: |
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| Don't trust that recruiter. They are encouraging you to accept a position with a hagwon that refuses to pay into the pension, and, therefore, breaks the law. |
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gangpae
Joined: 03 Sep 2007
Location: Busan
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| Posted: Thu Aug 07, 2008 5:58 am Post subject: |
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| Define legal. |
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Thu Aug 07, 2008 2:07 pm Post subject: |
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| gangpae wrote: |
| Define legal. |
Legal = following the law- breaking the law is illegal |
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Tobias
Joined: 02 Jun 2008
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| Posted: Thu Aug 07, 2008 4:36 pm Post subject: employer must pay |
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The employer must pay into the pension fund. That indeed is the law.
If an employer is willing to break the law over this, what else will he dodge? He may not pay your insurance, either. And when he takes taxes out, he may pocket that instead of paying it.
Where would he stop? |
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gangpae
Joined: 03 Sep 2007
Location: Busan
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| Posted: Thu Aug 07, 2008 4:44 pm Post subject: |
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| wylies99 wrote: |
| gangpae wrote: |
| Define legal. |
Legal = following the law- breaking the law is illegal |
Profound. Means shite to a hagwon owner. |
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schwa
Joined: 18 Jan 2003
Location: Yap
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| Posted: Thu Aug 07, 2008 4:57 pm Post subject: |
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Your recruiter appears to be right.
Heres news on the recent agreement Ireland signed with Korea: www.welfare.ie/press/pr07/pr311007.pdf
Heres a pertinent sentence:
The Agreement also provides that Irish employees who are posted to work for their company in the Republic of Korea for up to five years, may continue to pay insurance contributions under Ireland�s social security system instead of becoming liable for contributions in the Republic of Korea.
How that plays out in the details, I'm not sure. Probably a good idea to check with your consulate.
[South Africans also should not be paying pension contributions.]
Last edited by schwa on Thu Aug 07, 2008 5:01 pm; edited 1 time in total |
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crazy tigger
Joined: 06 Aug 2006
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| Posted: Thu Aug 07, 2008 5:01 pm Post subject: |
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| Not sure if it was true but I was told you can't get medical insurance if you aren't paying into pension... |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Aug 07, 2008 6:02 pm Post subject: |
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| schwa wrote: |
Your recruiter appears to be right.
Heres news on the recent agreement Ireland signed with Korea: www.welfare.ie/press/pr07/pr311007.pdf
Heres a pertinent sentence:
The Agreement also provides that Irish employees who are posted to work for their company in the Republic of Korea for up to five years, may continue to pay insurance contributions under Ireland�s social security system instead of becoming liable for contributions in the Republic of Korea.
How that plays out in the details, I'm not sure. Probably a good idea to check with your consulate.
[South Africans also should not be paying pension contributions.] |
The exemption is for Irish employees of IRISH companies doing business in Korea, NOT Irish citizens working as employees of a Korean employer.
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polonius
Joined: 05 Jun 2004
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| Posted: Thu Aug 07, 2008 7:34 pm Post subject: |
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| crazy tigger wrote: |
| Not sure if it was true but I was told you can't get medical insurance if you aren't paying into pension... |
not true. |
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sojusucks
Joined: 31 May 2008
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| Posted: Fri Aug 08, 2008 2:21 am Post subject: |
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As you have probably read, many people on this forum are saying that not paying into your national pension is illegal. I would use caution as your recruiter and/or school has shown a willingness to deceive you.
Make sure you have health insurance provided by your school. You don't want to be without that (in case of an emergency or something). Plus, it's illegal for your school not to provide (at least a full timer) health insurance. |
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hari seldon
Joined: 05 Dec 2004
Location: Incheon
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| Posted: Fri Aug 08, 2008 3:15 am Post subject: |
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| sojusucks wrote: |
As you have probably read, many people on this forum are saying that not paying into your national pension is illegal. I would use caution as your recruiter and/or school has shown a willingness to deceive you.
Make sure you have health insurance provided by your school. You don't want to be without that (in case of an emergency or something). Plus, it's illegal for your school not to provide (at least a full timer) health insurance. |
If your prospective school is skirting the law before it hires you, anticipate more problems in the future. |
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