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hwangsa
Joined: 04 May 2011
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 Posted: Wed Feb 01, 2012 7:45 pm Post subject: Pension Refund |
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The sticky for this is a little dated... just want to make sure the same rules apply.
Do I have to have a return ticket to my home country (US) to have the money wired to my US account? I did not plan on going home, but I did plan on leaving... I've heard both cases ... but like I said, the sticky has posts from 3 years ago regarding the issue and things tend to change around here.
Hope someone can help. |
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Skippy
Joined: 18 Jan 2003
Location: Daejeon
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| Posted: Wed Feb 01, 2012 8:41 pm Post subject: |
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3 Minutes use of google and clicking around.
http://english.nps.or.kr/jsppage/english/scheme/scheme_04.jsp
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| If a foreigner applies for a lump-sum refund because he/she is going to return to his/her home country, the lump-sum refund will be paid as long as the NPS can confirm that the person has left Korea. However, if he/she submits the required materials such as airplane tickets verifying his/her departure within one month, he/she will be able to apply for the refund before leaving Korea. |
Also please double check that your place of employment has been paying. Consider making a visit or a call. Info is on the website. |
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hwangsa
Joined: 04 May 2011
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| Posted: Wed Feb 01, 2012 8:45 pm Post subject: |
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| Skippy wrote: |
3 Minutes use of google and clicking around.
http://english.nps.or.kr/jsppage/english/scheme/scheme_04.jsp
| Quote: |
| If a foreigner applies for a lump-sum refund because he/she is going to return to his/her home country, the lump-sum refund will be paid as long as the NPS can confirm that the person has left Korea. However, if he/she submits the required materials such as airplane tickets verifying his/her departure within one month, he/she will be able to apply for the refund before leaving Korea. |
Also please double check that your place of employment has been paying. Consider making a visit or a call. Info is on the website. |
I called the office and was told two difference things from two different offices. This is why I'm asking if anyone has done it recently.
I am in Korea, contract is completed the 29th of Feb... I don't want to apply for the lump sum and go to say Bangkok, only to find out that the sum won't be paid because I didn't present a ticket for the US.. that make sense? Head is going to explode trying to understand all this. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Feb 01, 2012 8:49 pm Post subject: |
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Ticket leaving Korea
ARC
passport
bank information for the deposit
They will confirm your departure/cancellation of your visa, ensure that any remaining contributions are complete (can delay things by up to 90 days if your employer is slow to remit) and forward the balance to you.
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Skippy
Joined: 18 Jan 2003
Location: Daejeon
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iggyb
Joined: 29 Oct 2003
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| Posted: Thu Feb 02, 2012 5:48 pm Post subject: |
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On the bank info for deposit, I don't have a bankbook for back home here in Korea. I went in like I was going to the bank: with just the routing and account number written on a piece of paper.
They wouldn't accept it. They said they would take a receipt from wire transfer.
So, I took a taxi to the nearest KEB, transferred some money (using the numbers I had written on the piece of paper), and went back.
No problem.
I guess they want to avoid trouble with people making a mistake when they write the number down on their own who would cause trouble later on wondering why the money never made it to their account once they are home... |
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Shauneyz
Joined: 26 May 2008
Location: The land of Nod
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| Posted: Thu Feb 02, 2012 7:53 pm Post subject: |
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| Mine went through just fine...I didn't have a ticket going home, but showed the one that said I was leaving the country. |
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hwangsa
Joined: 04 May 2011
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| Posted: Thu Feb 02, 2012 9:04 pm Post subject: |
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| Shauneyz wrote: |
| Mine went through just fine...I didn't have a ticket going home, but showed the one that said I was leaving the country. |
That's all I wanted to know... THANK YOU! |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Feb 02, 2012 9:55 pm Post subject: |
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| ttompatz wrote: |
Ticket leaving Korea
ARC
passport
bank information for the deposit
They will confirm your departure/cancellation of your visa, ensure that any remaining contributions are complete (can delay things by up to 90 days if your employer is slow to remit) and forward the balance to you.
. |
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Allthechildrenareinsane
Joined: 23 Jun 2011
Location: Lost in a Roman wilderness of pain
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| Posted: Fri Feb 03, 2012 3:32 am Post subject: |
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| Do you need to present an actual airline ticket at the pension office or can you bring a copy of the receipt or flight confirmation/itinerary? |
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iggyb
Joined: 29 Oct 2003
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| Posted: Fri Feb 03, 2012 3:44 am Post subject: |
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| I printed out the iteneray Expedia emailed me after I booked my flight. It was fine. |
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Allthechildrenareinsane
Joined: 23 Jun 2011
Location: Lost in a Roman wilderness of pain
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| Posted: Fri Feb 03, 2012 3:45 am Post subject: |
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| iggyb wrote: |
| I printed out the iteneray Expedia emailed me after I booked my flight. It was fine. |
That's what I wanted to know -- thanks. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Feb 03, 2012 3:46 am Post subject: |
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| Allthechildrenareinsane wrote: |
| Do you need to present an actual airline ticket at the pension office or can you bring a copy of the receipt or flight confirmation/itinerary? |
e-tickets (itinerary and receipt) are fine.
They don't actually do anything (like forward your money) till they confirm that you have left the country and your visa was canceled/expired.
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Allthechildrenareinsane
Joined: 23 Jun 2011
Location: Lost in a Roman wilderness of pain
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| Posted: Fri Feb 03, 2012 3:54 am Post subject: |
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| ttompatz wrote: |
| Allthechildrenareinsane wrote: |
| Do you need to present an actual airline ticket at the pension office or can you bring a copy of the receipt or flight confirmation/itinerary? |
e-tickets (itinerary and receipt) are fine.
They don't actually do anything (like forward your money) till they confirm that you have left the country and your visa was canceled/expired.
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I figured as much. Just wanted to make sure an e-ticket was sufficient. Thanks! |
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chrisjbrooks
Joined: 04 Dec 2010
Location: Seoul
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| Posted: Sun Feb 12, 2012 10:37 pm Post subject: |
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| What happens if you don't turn in you ARC on the way out, like if you forgot it or something like that? |
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