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Pension?

 
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MJLfoto



Joined: 18 May 2012

PostPosted: Thu Mar 07, 2013 12:38 pm    Post subject: Pension? Reply with quote

I have been applying to hagwons and recently come across a position that offers no pension but still has health insurance. I was under the impression that the two were linked? (not to mention that I thought it was illegal for a company to not provide pension) Is this a red flag and a company that should be avoided?
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KiwiRob



Joined: 05 Feb 2013
Location: Wellington, New Zealand.

PostPosted: Thu Mar 07, 2013 12:55 pm    Post subject: Reply with quote

Is it a full 52 week year of work?
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Thu Mar 07, 2013 2:43 pm    Post subject: Re: Pension? Reply with quote

MJLfoto wrote:
I have been applying to hagwons and recently come across a position that offers no pension but still has health insurance. I was under the impression that the two were linked? (not to mention that I thought it was illegal for a company to not provide pension) Is this a red flag and a company that should be avoided?


Yes, it is a red flag.

The medical won't be NHIC and a 50/50 split in spite of what they may say or may be in the contract.

.
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MJLfoto



Joined: 18 May 2012

PostPosted: Thu Mar 07, 2013 5:07 pm    Post subject: Reply with quote

@kiwirob Yes the contract is for a year.


@ttompatz Thanks for confirming my suspicions I thought it seemed sketchy.
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