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dingo_man
Joined: 08 Oct 2007
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 Posted: Mon Jun 30, 2008 6:26 am Post subject: pension refund for australians |
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http://wiki.galbijim.com/Korean_pension_plan#Pension_status_for_citizens_of_Australia.2C_New_Zealand.2C_and_South_Africa.
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Unfortunately, these countries do not have any such agreement with Korea at this time, therefore, although you are required to pay Korean pension, you will not be able to transfer those pension contributions to your home country's pension plan nor be eligible to receive any refund. You'll need to stay and retire here to be able see the contributions that you accrued while in Korea. Note: As of June 1, 2008, Australia and Korea will implement an agreement which will enable Australians to receive lump sum pension refunds.
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can someone please provide more information regarding the above highlighted text please.
Thanks
Last edited by dingo_man on Mon Jun 30, 2008 6:55 am; edited 2 times in total |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon Jun 30, 2008 6:38 am Post subject: Re: pension refund for australians |
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| dingo_man wrote: |
http://wiki.galbijim.com/Korean_pension_plan#Pension_status_for_citizens_of_Australia.2C_New_Zealand.2C_and_South_Africa.
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Unfortunately, these countries do not have any such agreement with Korea at this time, therefore, although you are required to pay Korean pension, you will not be able to transfer those pension contributions to your home country's pension plan nor be eligible to receive any refund. You'll need to stay and retire here to be able see the contributions that you accrued while in Korea. Note: As of June 1, 2008, Australia and Korea will implement an agreement which will enable Australians to receive lump sum pension refunds.
| Quote: |
can someone please provide more information regarding the above highlighted text please.
Thanks |
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http://www.nps.or.kr/jsppage/english/main.jsp
or call them at 1355 to get he contact information of your local pension office or to get your questions answered. |
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Frankly Mr Shankly
Joined: 13 Feb 2008
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| Posted: Mon Jun 30, 2008 8:09 am Post subject: |
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| Do they refund the full amount, or is there a deduction? |
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icicle
Joined: 09 Feb 2007
Location: Gyeonggi do Korea
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| Posted: Mon Jun 30, 2008 8:16 am Post subject: |
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| From today pension will be repaid to Australians in the same way it is refunded to American and Canadians. |
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garygoodbloke
Joined: 15 Jan 2007
Location: Sydney, Australia
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| Posted: Wed Sep 17, 2008 1:09 am Post subject: What's going on? |
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Ok guys, I went to the Korean consulate in Sydney and asked them what the deal is.
The lady tried to fob me off and this was after I'd called that morning and she gave me the number to a phone that never answered.
She called someone and passed on the news that E-2 VISAs don't get the pension back, only E10s or E9s or something similar. Have any other Aussies got their pensions back? Is she right? Has anyone else tried? I'm posting this on all boards where the question has been raised. |
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