| View previous topic :: View next topic |
| Author |
Message |
jackson7
Joined: 01 Aug 2006
Location: Kim Jong Il's Future Fireball
|
 Posted: Thu May 14, 2009 7:15 pm Post subject: not NPF, but KTPF (Korean Teacher's Pension Fund) refund? |
 |
|
| Where and how does one apply for their pension refund when leaving the country for good? I'll be leaving in August and already have my one-way ticket. I read on another thread that your place of employment files for you and then deposits this into your bank account. Is this accurate? If not, anyone have know-how in this department? |
|
| Back to top |
|
 |
OculisOrbis
Joined: 17 Jul 2006
|
| Posted: Thu May 14, 2009 8:35 pm Post subject: |
|
|
| How did you even get enrolled in that? I would have thought that it is only for members of the Korean Teachers' Union since it sounds like a private plan. |
|
| Back to top |
|
|
jackson7
Joined: 01 Aug 2006
Location: Kim Jong Il's Future Fireball
|
| Posted: Fri May 15, 2009 4:37 am Post subject: |
|
|
| Many college instructors get enrolled in this as it gets schools out of having to pay severance and in some cases even contributing, but I still want to get my contributions (in addition to some government change) back before I leave. My school is also going to match my payments even though I've only been there two years. Nice guys with deep pockets. |
|
| Back to top |
|
|
jackson7
Joined: 01 Aug 2006
Location: Kim Jong Il's Future Fireball
|
| Posted: Sun May 17, 2009 6:35 am Post subject: |
|
|
| Is there really no one on Dave's that has successfully received their pension from the teacher's pension fund? I find that hard to believe... |
|
| Back to top |
|
|
denverdeath
Joined: 21 May 2005
Location: Boo-sahn
|
| Posted: Sun May 17, 2009 6:47 am Post subject: |
|
|
| jackson7 wrote: |
| Is there really no one on Dave's that has successfully received their pension from the teacher's pension fund? I find that hard to believe... |
I received it once, so far, when changing from one private school to another. I would've preferred to have let it ride, but I don't think the first place wanted me to get into the "five-year plan" that easily. Anyway, my severance papers included me having to sign a doc which stated that I wanted my contributions, up-to-that-point, reimbursed in full. Basically, the school did it for me. Can't remember exactly how long it took. The national to the private only took two days for deposit, but I think the private may've taken a couple of weeks. I had it deposited into my regular account here in Korea. If you have additional "government change" due you, I recommend that you talk to your people about that. If they can't do anything for you, go directly to your local nps office. |
|
| Back to top |
|
|
jackson7
Joined: 01 Aug 2006
Location: Kim Jong Il's Future Fireball
|
| Posted: Tue May 19, 2009 3:50 am Post subject: |
|
|
| Thanks denverdeath, that's exactly what I needed to know. I'll make sure my uni files for me and deposits everything before I'm off. I don't want to have to try and do the goose-chase from outside Korea. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
