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chaz47
Joined: 11 Sep 2003
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 Posted: Thu Apr 29, 2010 11:20 am Post subject: still waiting on pension reimbursement... |
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| I've been done and home in the US for 2 months and 3 days. I still have yet to receive my pension reimbursement from Korea. Is this strange? |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Thu Apr 29, 2010 5:52 pm Post subject: |
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| Were you a public school teacher or a hogwan? ALso, did you go with a someone to the Korean pension office to fill out the paperwork? |
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chaz47
Joined: 11 Sep 2003
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| Posted: Fri Apr 30, 2010 10:28 am Post subject: |
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I went to the pension office in Busan myself. They spoke English very well and were very helpful.
I had worked at a public school one of my four years in Busan. How is that relevant? |
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lifeinkorea
Joined: 24 Jan 2009
Location: somewhere in China
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| Posted: Fri Apr 30, 2010 11:32 am Post subject: |
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| I had worked at a public school one of my four years in Busan. How is that relevant? |
Because hagwons often don't contribute their share or even let you know they are taking your share.
Did you give them a bank account to send the money to? Have they tried? |
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tired of LA
Joined: 06 Nov 2006
Location: Seoul
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| Posted: Fri Apr 30, 2010 4:03 pm Post subject: |
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| It happened to me after my first year in Korea. I had my gf contact the pension office and they said they were waiting for my former employer to confirm that I had left Korea. Apparently, after you file for your pension refund, they contact your last employer to confirm you have left. They wait for a confirmation from them before releasing your refund. I contacted my old employer about it and then 2 weeks later I got my refund. |
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hochhasd
Joined: 05 Jul 2008
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| Posted: Fri Apr 30, 2010 7:17 pm Post subject: |
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| tired of LA wrote: |
| It happened to me after my first year in Korea. I had my gf contact the pension office and they said they were waiting for my former employer to confirm that I had left Korea. Apparently, after you file for your pension refund, they contact your last employer to confirm you have left. They wait for a confirmation from them before releasing your refund. I contacted my old employer about it and then 2 weeks later I got my refund. |
This has been a topic that has been discussed numerous times on this forum,but there has never been an answer given. I agree with the other posters that have claimed the only depatment that needs to contact the pension office is immigration office. Then why is it that the immigration office needs to contact your school to have the funds sent? If this is the case I guess I will have to stay on top of my school before I leave.  |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Sat May 01, 2010 3:47 am Post subject: |
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| Call the pension office via skype and your fromer education office. Ask them what's going on. |
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Sadebugo1
Joined: 11 May 2003
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| Posted: Sun May 02, 2010 3:01 am Post subject: Re: still waiting on pension reimbursement... |
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| chaz47 wrote: |
| I've been done and home in the US for 2 months and 3 days. I still have yet to receive my pension reimbursement from Korea. Is this strange? |
I'm not saying this is going to happen to you but, . . . the last time I was in Korea my employer (a university) took me through the process of getting a pension refund. I was told it would be sent to my Western bank account after I left the country. I never saw it and my employer became persona non grata after I attempted to contact them for assistance. Just another on the list of problems I had in that country.
Sadebugo
http://travldawrld.blogspot.com/ |
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Kikomom
Joined: 24 Jun 2008
Location: them thar hills--Penna, USA--Zippy is my kid, the teacher in ROK. You can call me Kiko
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| Posted: Sun May 02, 2010 6:07 am Post subject: |
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| Zippy left Busan in the middle of December and the pension office told him it would take about two months. It took two and a half months, March 3rd the deposit showed up in his account. Then a week later, on the 10th, another deposit showed up from his first job that he had worked for six months. Each wire transfer cost $20 on this end. |
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Mirabilis85
Joined: 09 Oct 2008
Location: Seoul
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| Posted: Wed May 05, 2010 9:34 pm Post subject: |
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| Is it generally quicker if the pension is deposited into a korean bank account rather than one in your home country? Im getting nervous.. |
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oldtactics
Joined: 18 Oct 2008
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| Posted: Thu May 06, 2010 8:19 am Post subject: |
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| I have a friend who worked for EPIK who is still waiting for her pension. I got mine fairly quickly (possibly because I got them to deposit it into my Korean account) but I'm still waiting for my exit allowance. STILL waiting for my exit allowance. 2.5 months after I finished my contract. Ughh. |
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Wishmaster
Joined: 06 Feb 2003
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| Posted: Thu May 06, 2010 8:38 am Post subject: |
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| Yeah, pension to your Korean bank account can take as little as 3 days. Payment to your overseas account can take 6-8 weeks. The reason is that you want to have that last pension payment in your account, so the accounting needs to be done a little bit after your contract is finished. |
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Juregen
Joined: 30 May 2006
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| Posted: Thu May 06, 2010 11:43 pm Post subject: Re: still waiting on pension reimbursement... |
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| chaz47 wrote: |
| I've been done and home in the US for 2 months and 3 days. I still have yet to receive my pension reimbursement from Korea. Is this strange? |
Did you give a Korean bank account .....
My experience is that they do not send the money abroad. I might be wrong. |
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Fri May 07, 2010 2:09 am Post subject: |
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| OP, any updates? |
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