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Welshguy
Joined: 17 Feb 2009 Location: Seoul
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Posted: Tue Nov 23, 2010 6:40 pm Post subject: Severance Pay After 9 months |
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As the topic says.
Can you legally get a proportion of your severance pay should you be fired in the 9th month.
And yes, the contract says, "After 1 year of completed service, you are entitled to the severance pay."
I am not looking for some wise crack remarks.
If you have had any experience with this, I would really welcome your input.
Thanks |
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SteveSteve
Joined: 30 Jul 2010 Location: Republic of Korea
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Posted: Tue Nov 23, 2010 7:10 pm Post subject: |
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Sucks about your job. I'm afraid you may not be entitled to your severance, even if you've been fired. The severance is supposed to be an incentive for completing a contract.
However if you have been making your Pension contributions, then you may still collect that. I'm not sure if all nationalities can do that (Americans can but I don't know about others), so 9 months worth should be a nice stack of coin. About 1.5 million or so. |
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blackjack

Joined: 04 Jan 2006 Location: anyang
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Posted: Tue Nov 23, 2010 7:24 pm Post subject: |
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| no the employer is under no legal obligation to give you a pro-rated severance unless you have worked for over a year and you did not get paid it at the end of that year |
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Juregen
Joined: 30 May 2006
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Posted: Tue Nov 23, 2010 7:44 pm Post subject: |
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You guys might want to talk to some people.
The law regarding severance has changed. |
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blackjack

Joined: 04 Jan 2006 Location: anyang
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Posted: Tue Nov 23, 2010 11:35 pm Post subject: |
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| Juregen wrote: |
You guys might want to talk to some people.
The law regarding severance has changed. |
care to shed some light on the changes? You own a hagwon right? |
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rowdie3
Joined: 22 Sep 2003 Location: Itaewon, Seoul
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Posted: Wed Nov 24, 2010 1:47 am Post subject: |
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| You are out of luck. Severance is a year end bonus. You have to finish a year to get it. This is true for Korean employees too. |
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Welshguy
Joined: 17 Feb 2009 Location: Seoul
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Posted: Sun Mar 06, 2011 6:39 pm Post subject: |
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Just won my court case.
Can't tell you how much they have to pay, but it made my day.
Worked at an Elementary School for 2 years and 10 months.
The school refused to pay the pro rata 10 months severance pay.
The Labor Board ordered them to pay.
Just a heads up for everyone in this situation. As long as you have completed 1 year, you are entitled to a pro rata amount of severance pay for every month worked thereafter. Current Labor Law regulations as of March 2009. |
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Son Deureo!
Joined: 30 Apr 2003
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Posted: Sun Mar 06, 2011 6:50 pm Post subject: |
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| Welshguy wrote: |
Just a heads up for everyone in this situation. As long as you have completed 1 year, you are entitled to a pro rata amount of severance pay for every month worked thereafter. Current Labor Law regulations as of March 2009. |
True, but this part isn't new. Pro-rated severance pay after the first year has been completed has been the case for years.
Congratulations on winning your court case.  |
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jonpurdy
Joined: 08 Jan 2009 Location: Ulsan
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Posted: Sun Mar 06, 2011 7:55 pm Post subject: |
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| Yes, pro-rated is great. Unfortunately my school insists on paying each year rather than a lump sum at the end. I have to leave in the eleventh month of this year for grad school which means no severance. |
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Ramen
Joined: 15 Apr 2008
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Posted: Sun Mar 06, 2011 10:34 pm Post subject: |
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| jonpurdy wrote: |
| Yes, pro-rated is great. Unfortunately my school insists on paying each year rather than a lump sum at the end. I have to leave in the eleventh month of this year for grad school which means no severance. |
if you've been working there for more than a year, they're still obligated to prorate the ramaining months' severance.  |
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