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linky123
Joined: 12 Feb 2009
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 Posted: Sat Feb 28, 2009 5:35 pm Post subject: Pension question |
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I was wondering if the Korean pension is controlled by the hagwon or the government. When you end your contract or the employment suddenly ends, how do you make sure you collect the pension that was deducted from your salary?
Yeah, I have an hourly contract when they deduct 9% of my monthly salary. The reason for this is that I will be payed hourly bases and 120 hours of work would equate to 4mil. I would have to pay my own medical insurance, housing and pension but I did my homework and this would leave me with 3.2mil after all the deductions.
FYI... I have F-4 visa. |
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maingman
Joined: 26 Jan 2008
Location: left Korea
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| Posted: Sat Feb 28, 2009 7:07 pm Post subject: . |
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I received this from a recruiter 
Some hagwons joined Pension plan but some didn�t. If your hagwon joined Pension plan, they will deduct 4.5 % of your gross income each month. |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Sat Feb 28, 2009 8:40 pm Post subject: Re: . |
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| maingman wrote: |
| I received this from a recruiter |
My first recruiter 'ddong-chimed' me from the far side of the Pacific Ocean. I made the second one buy me dinner, booze and put me up in a nice hotel for the night before I would give him my documents.  |
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