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woodstock
Joined: 15 Feb 2007
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 Posted: Wed Aug 27, 2008 6:55 pm Post subject: A National Pension Question |
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| I've been teaching at a public school for 2 years and plan to renew for a third. I'm a Canadian and have been contributing to the national pension plan. If and when I choose to leave Korea am I able to cash out my pension contributions or are there time limits for doing so? I've contacted the Pension office but am waiting on their reply. Any insight would be welcomed. Thanks. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Aug 27, 2008 7:37 pm Post subject: Re: A National Pension Question |
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| woodstock wrote: |
| I've been teaching at a public school for 2 years and plan to renew for a third. I'm a Canadian and have been contributing to the national pension plan. If and when I choose to leave Korea am I able to cash out my pension contributions or are there time limits for doing so? I've contacted the Pension office but am waiting on their reply. Any insight would be welcomed. Thanks. |
You have to cash it out before you have made 10 years of contributions (or you become vested and have to wait till you retire and get a pension).
You are expected to cash it out when you leave Korea but I am not aware of any time limit for doing so.
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woodstock
Joined: 15 Feb 2007
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| Posted: Wed Aug 27, 2008 8:30 pm Post subject: A National Pension Question |
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| Thank you for your post. The Pension office has just confirmed what you have stated. Cheers. |
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