| View previous topic :: View next topic |
| Author |
Message |
wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
|
 Posted: Fri Mar 20, 2009 12:46 am Post subject: Unique pension question about doing a runner |
 |
|
Let's say someone from the USA has worked at a public school for a few years and has money in the national pension. Let's also say that same person is about to do a runner. That person can't leave work before doing a runner because this person now works at a crapwon. Can this person apply for the pension refund by mail? Is there a way to get the money after leaving Korea? Does anyone know the answers for certain?
TIA  |
|
| Back to top |
|
 |
SharkDiver
Joined: 08 Nov 2008
|
| Posted: Fri Mar 20, 2009 3:09 am Post subject: |
|
|
| Last time I was here the pension office told me I could apply for the pension refund from back home. So you should indeed be able to get the pension after you have left the country. They won't care why you left either; only that you are gone. |
|
| Back to top |
|
|
wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
|
| Posted: Fri Mar 20, 2009 3:16 am Post subject: |
|
|
| SharkDiver wrote: |
| Last time I was here the pension office told me I could apply for the pension refund from back home. So you should indeed be able to get the pension after you have left the country. They won't care why you left either; only that you are gone. |
Can the other person file the paperwork by mail? Or in person at a Korean consulate? |
|
| Back to top |
|
|
schwa
Joined: 18 Jan 2003
Location: Yap
|
| Posted: Fri Mar 20, 2009 3:42 am Post subject: |
|
|
Who's this "other person"?
There are definitely mechanisms for applying for & receiving K-pension lump sums from abroad, but I've heard as a Canadian it can take a year or two to see the cash. Dont know about Americans. |
|
| Back to top |
|
|
wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
|
| Posted: Fri Mar 20, 2009 3:47 am Post subject: |
|
|
| schwa wrote: |
Who's this "other person"?
There are definitely mechanisms for applying for & receiving K-pension lump sums from abroad, but I've heard as a Canadian it can take a year or two to see the cash. Dont know about Americans. |
It's not ME. It's someone else.
What if someone gets the proper forms from the pension office before leaving Korea and mails the completed forms to the pension office before flying out? Would that do? |
|
| Back to top |
|
|
schwa
Joined: 18 Jan 2003
Location: Yap
|
| Posted: Fri Mar 20, 2009 3:54 am Post subject: |
|
|
| For a timely direct reimbursement you have to show up & submit in person in Korea. Otherwise, it has to proceed through layers of international bureaucracy. |
|
| Back to top |
|
|
wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
|
| Posted: Mon Mar 30, 2009 1:13 pm Post subject: |
|
|
| schwa wrote: |
| For a timely direct reimbursement you have to show up & submit in person in Korea. Otherwise, it has to proceed through layers of international bureaucracy. |
Thanks for the heads up. So anyone planning a runner should stop at the pension office before leaving to file for the pension refund? |
|
| Back to top |
|
|
Ut videam
Joined: 07 Dec 2007
Location: Pocheon-si, Gyeonggi-do
|
| Posted: Tue Mar 31, 2009 9:04 pm Post subject: |
|
|
http://www.nps.or.kr/jsppage/english/scheme/scheme_04.jsp
Of note:
| Quote: |
(1) In the case of an application by mail in a foreign country
<Required documents>
- An application for Lump-sum Refund (it must be notarized from a notary's agency in the country where the applicant resides and be attested by the Korean embassy).
- A copy of bankbook or similar (registered in the applicant's name)
※ If the applicant applies for overseas remittance, an application for overseas remittance and a bank statement or void check which shows his/her name and account number are required.
- A copy of his/her passport |
So... you can do it, but it's gonna take notarization AND a trip to the Korean embassy/consulate (or at the very least, mailing documents there to have them stamped). Much easier to stop in the local NPS office before you leave�just make sure you take all the required documents with you; there's a list at the link above. One of them is a copy of your ticket out of the country. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
