Korean Job Discussion Forums

[MrRogers]

How much do you pay for health insurance in public schools?

What is the cutoff age for the pension refund?
I remember reading two different things in various places,

62

and

60

What is the correct cutoff age?

Thanks

also, do we pay tax on the refund?

[ttompatz]

[MrRogers]

thank you so much ttompatz! I knew you were out there somewhere...

I thought it was 62 but now the NPS and the public school officials are telling me it is 60...and are trying to deny me some months after my 60th birthday/ part of what I had figured would be coming

they also say they are charging me tax

and it seems they took out a lot more for health insurance

I am no longer there and they are driving me crazy

thanks again

[MrRogers]

ttompatz,

So in the information below, is this excluding teachers 60 and over from obtaining pension refund? It seems my public school district did not notify me that they were stopping pension contribution, and though I saw money taken from my salary each month, it was not for pension.

I had asked them for salary receipts and they had refused.

I feel they should still be responsible for their full share of the contribution.

http://www.nps.or.kr/jsppage/english/scheme/scheme_01.jsp


(3) Exceptional cases
First, anyone aged less than 18 and working at a workplace covered under the National Pension Scheme may participate in the scheme as a workplace based insured person with the consent of his/her employer.

In addition, an insured person with less than a 20-year insured period can be covered under the scheme after reaching 60 if he/she wants to be covered (as a voluntarily & continuously insured person).

Besides these, the National Pension Scheme temporarily has allowed people aged from 60 to less than 65 to be covered under the scheme. This exceptional coverage program was temporarily enforced twice (in 1995 and in 1999) to help the old-aged acquire pension right with a 5-year insured period.

The insured persons under the National Pension Scheme are largely divided into mandatorily and voluntarily insured persons. Mandatorily insured persons cannot choose between participation and withdrawal and are further divided into workplace based insured persons and individually insured persons. These two groups are different in that the contribution of workplace based insured persons is equally shared between the employer and the employee.

On the other hand, those who participate in the scheme on a voluntarily basis have the choice between participation and withdrawal. These people are divided into voluntarily insured persons and voluntarily & continuously insured persons.
Voluntarily insured persons are those subject to the general coverage criteria. Voluntarily & continuously insured persons, who are not subject to the general coverage criteria, may participate in the scheme and extend their insured period.
(1) Workplace based Insured Persons
The contribution of workplace based insured persons is equally shared between the employer and the employee. Acquisition of the pension right, loss of the insured status, and payment of the contribution are conducted by the employer. The persons falling under the category of workplace based insured persons are as follows.

- All employees and employers from 18 to less than 60 years of age shall mandatorily be workplace based
insured persons, if they are working at a workplace with one or more employee
- Those aged less than 18 working at a workplace covered under the National Pension Scheme may
participate in the Scheme, subject to their employer's consent.
(2) Individually Insured Persons
Individually insured persons should pay all their contribution and report thing regarding by themselves. Individually insured persons are those subject to the general coverage criteria, and they are neither workplace based insured persons nor voluntarily insured persons. Those falling under the category of individually insured persons are as follows;

- The self-employed
- Non-income earners aged 27 or older
- Non-income earners under 27 who have paid one or more month contribution
- Others who fall under the category of individually insured persons .
(3) Voluntarily Insured Persons
Voluntarily insured persons are those not subject to mandatory coverage, but acquiring insured status by their own application. And they have to bear all of their contributions by themselves. And all of voluntarily insured persons are allowed to be covered with median or higher value of the Standard Monthly Income of all workplace based and individually insured persons except for those protected under the National Basic Living Security Act. Anyone falling under any of the following categories may become a voluntarily insured person.

- Non-income earning spouse of those covered under public pension schemes or a public pensioner
Public pension schemes include National Pension, Government Employees Pension, Military Personnel
Pension, Private School Teachers Pension, and Specially Designated Post Office Employees Pension.
- Non-income earner less than 27 who has not paid any pension contribution
- Persons protected under the National Basic Living Security Act
- Retired government employees (military personnel, private school teachers & staff and specially
designated post office employees) entitled to Government Employees Pension (Military Personnel, Private
School Teachers, and Specially Designated Post Office Employees Pension )
(4) Voluntarily & Continuously Insured Persons
The current or former insured Person will lose his/her insured status upon reaching 60 years of age. But those with less than a 20-year insured period may continue their participation in the Scheme if they apply to do so. This is how one becomes a voluntarily & continuously insured Person. Those eligible to become voluntarily & continuously insured persons are as follows.

- Insured person reaching 60 years of age with an insured period less than 20 years
- Special occupation employees such as miners or fishermen, who are aged 55 or more and entitled to
an old-age pension with an insured period from 10 to less than 20 years
Special occupation employees are those engaged in occupations with high possibility of occurrence of
calamity and low retirement age due to hard working conditions, such as miners or fishermen. They are
entitled to an old-age pension from 55 years of age while the pensionable age for others is 60. They are
recognized as special occupation employees only if their insured period as special occupation employees
takes 3/5 of their total insured period or more.


The purpose of the voluntarily & continuously coverage plan can be summarized as follows. First, it increases benefit opportunities. In other words, it enables those not meeting the minimum insured period (10 years) to gain the pension right by encouraging continuous participation. Second, it gives those with an insured period from 10 to less than 20 years a chance to increase their pension amount.

Voluntarily continuously insured persons include voluntarily continuously workplace based insured persons, voluntarily continuously Individually insured persons, and other voluntarily continuously insured persons. Voluntarily continuously insured persons pay all of their contributions by themselves, but the criteria of imposing the contribution differ from one another. The income criteria for workplace based insured persons are applied to voluntarily continuously workplace based insured persons, and voluntarily continuously Individually insured persons are subject to the criteria for Individually insured persons. Other voluntarily continuously insured persons are under the criteria for voluntarily insured persons.

[MrRogers]

bump

these paragraphs sound like Korean double talk so that it will not be clear or favorable for one

what exactly are they saying? that teachers over 60 cannot get pension?

[bassexpander]

You should talk to the pension office, then fact-check what they say with another pension office if it's not in your favor.

[MrRogers]

well, I have just been told by the NPS that people who are 60 or over do no receive pension

it can be volluntary contribution but the employer does not have to contribute...

is that correct or is this a labor board issue?