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Korean Job Discussion Forums
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littlelisa
Joined: 12 Jun 2007
Location: Seoul
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 Posted: Thu Oct 31, 2013 6:43 am Post subject: F visa questions |
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If changing to an F2 visa, how does that affect your alien registration number? I heard it changes, and then you have to go around changing the number everywhere you had your old number (cell phone contracts, housing contract, etc).
Also, how does changing to an F2 affect your pension? Can you still get it lump sum if you leave, or do you no longer have that option without giving up your F visa?
Has anyone made the switch? |
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alongway
Joined: 02 Jan 2012
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| Posted: Thu Oct 31, 2013 8:28 am Post subject: |
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| your number only changes if you get citizenship. Whether you have an E2/F2/F6/F5 your number is always the same. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Oct 31, 2013 2:49 pm Post subject: Re: F visa questions |
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| littlelisa wrote: |
If changing to an F2 visa, how does that affect your alien registration number? I heard it changes, and then you have to go around changing the number everywhere you had your old number (cell phone contracts, housing contract, etc).
Also, how does changing to an F2 affect your pension? Can you still get it lump sum if you leave, or do you no longer have that option without giving up your F visa?
Has anyone made the switch? |
and yes, you cannot get a pension refund if you are on an F2/6 visa without giving up the visa.
. |
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tob55
Joined: 29 Apr 2007
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| Posted: Thu Oct 31, 2013 2:54 pm Post subject: Re: F visa questions |
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| ttompatz wrote: |
| littlelisa wrote: |
If changing to an F2 visa, how does that affect your alien registration number? I heard it changes, and then you have to go around changing the number everywhere you had your old number (cell phone contracts, housing contract, etc).
Also, how does changing to an F2 affect your pension? Can you still get it lump sum if you leave, or do you no longer have that option without giving up your F visa?
Has anyone made the switch? |
and yes, you cannot get a pension refund if you are on an F2/6 visa without giving up the visa.
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+1 on that
Also, after a certain number of years on the F2, F6, F5 your pension funds will become vested into the system, i.e. you can only receive them once you reach 60 years of age as a foreigner, or 65 for public retirement as a dual citizen if you ever move that far ahead on your stay in South Korea. |
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spaceman82
Joined: 01 Dec 2009
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| Posted: Thu Oct 31, 2013 4:08 pm Post subject: |
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| Do you have any more information about those rules, tob55 and ttompatz? The pension office told me earlier this year that they didn't consider visa status at all when processing refund requests. |
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tob55
Joined: 29 Apr 2007
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| Posted: Thu Oct 31, 2013 4:21 pm Post subject: |
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| spaceman82 wrote: |
| Do you have any more information about those rules, tob55 and ttompatz? The pension office told me earlier this year that they didn't consider visa status at all when processing refund requests. |
If you don't have plans to stay here indefinitely, then the F-visa system works like this. The primary reason for allowing individuals the freedom to work without having their visa tied to an employer is so that you do not have to go through the process over and over again when switching employers.
When you leave the country with an F-visa you are allowed to stay out of the country for a certain period of time without your visa expiring, i.e. you can come and go. On the F2 I believe the time is up to one year, but I am not sure since this is a relatively new visa for people not married to a Korean national. Because you are technically still in the system, the pension office will not release your pension funds. This is because they release funds to people who are leaving with no plan of returning, at least in theory that is how it works. To release the funds they have to have your ARC back in their posession, and generally a proof of leaving such as an airline ticket back to your home.
Since being on the F2 you do not have to surrender your ARC when you leave, they will not release your pension, because you are not leaving permanently in their eyes. This is a cluttery explanation, but I hope it makes sense. The best thing to do would be to visit the local NPS office closest to you and get the specifics from them if it is convenient for you. Good luck.
PS: the pension office said they don't consider visa status, that is true, but they do want to know that someone is leaving with a permanent intent from their perspective. |
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spaceman82
Joined: 01 Dec 2009
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| Posted: Thu Oct 31, 2013 4:59 pm Post subject: |
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| Thank you for the explanation. I knew about the ticket requirement, etc., but was hoping to keep the visa itself when the time came for me to leave, just in case things didn't work out where I was going (Immigration also quoted that one-year limit to me, by the way, so it seems to be the rule still.). I guess I'm going to have to re-think that now, however. Any idea how long one can stay on an F-visa before they lose the right to request a pension refund? |
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tob55
Joined: 29 Apr 2007
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| Posted: Thu Oct 31, 2013 5:02 pm Post subject: |
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| spaceman82 wrote: |
| Thank you for the explanation. I knew about the ticket requirement, etc., but was hoping to keep the visa itself when the time came for me to leave, just in case things didn't work out where I was going (Immigration also quoted that one-year limit to me, by the way, so it seems to be the rule still.). I guess I'm going to have to re-think that now, however. Any idea how long one can stay on an F-visa before they lose the right to request a pension refund? |
I have heard several different numbers on the year requirements, but it is at least 7 years from what I have been told. It is long enough that you would be able to get the pension if you have no extensive long-term plans for staying in Korea. |
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spaceman82
Joined: 01 Dec 2009
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| Posted: Thu Oct 31, 2013 5:18 pm Post subject: |
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| Okay, that's good to hear at least. Thank you again. |
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Otus
Joined: 09 Feb 2006
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| Posted: Thu Oct 31, 2013 6:28 pm Post subject: |
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| Quote: |
ttompatz wrote:
littlelisa wrote:
If changing to an F2 visa, how does that affect your alien registration number? I heard it changes, and then you have to go around changing the number everywhere you had your old number (cell phone contracts, housing contract, etc).
Also, how does changing to an F2 affect your pension? Can you still get it lump sum if you leave, or do you no longer have that option without giving up your F visa?
Has anyone made the switch?
and yes, you cannot get a pension refund if you are on an F2/6 visa without giving up the visa.
.
+1 on that
Also, after a certain number of years on the F2, F6, F5 your pension funds will become vested into the system, i.e. you can only receive them once you reach 60 years of age as a foreigner, or 65 for public retirement as a dual citizen if you ever move that far ahead on your stay in South Korea. |
Does that apply to private (university) pension, too, or only the public pension program? |
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littlelisa
Joined: 12 Jun 2007
Location: Seoul
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| Posted: Thu Oct 31, 2013 6:57 pm Post subject: |
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| Thanks for the answers! |
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Who's Your Daddy?
Joined: 30 May 2010
Location: Victoria, Canada.
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| Posted: Thu Oct 31, 2013 9:19 pm Post subject: Re: F visa questions |
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| ttompatz wrote: |
| littlelisa wrote: |
If changing to an F2 visa, how does that affect your alien registration number? I heard it changes, and then you have to go around changing the number everywhere you had your old number (cell phone contracts, housing contract, etc).
Also, how does changing to an F2 affect your pension? Can you still get it lump sum if you leave, or do you no longer have that option without giving up your F visa?
Has anyone made the switch? |
and yes, you cannot get a pension refund if you are on an F2/6 visa without giving up the visa.
. |
Not true. Maybe they aren't following their rules, but I know a few F visas that have done it. It is discussed on the F-Visa site of other holders doing it (one guy repeatedly)
The Pension office didn't care about my visa type. They checked I'd quit my last job, had a flight out. After I'd left they checked with immigration that I'd left. I returned two weeks later (it was a return ticket), and I made no changes to my F visa status (I held it before I left, and still have it), the money was in my bank account. |
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Hoost
Joined: 12 Nov 2008
Location: Seoul
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| Posted: Thu Nov 07, 2013 7:21 am Post subject: |
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| Otus wrote: |
| Quote: |
ttompatz wrote:
littlelisa wrote:
If changing to an F2 visa, how does that affect your alien registration number? I heard it changes, and then you have to go around changing the number everywhere you had your old number (cell phone contracts, housing contract, etc).
Also, how does changing to an F2 affect your pension? Can you still get it lump sum if you leave, or do you no longer have that option without giving up your F visa?
Has anyone made the switch?
and yes, you cannot get a pension refund if you are on an F2/6 visa without giving up the visa.
.
+1 on that
Also, after a certain number of years on the F2, F6, F5 your pension funds will become vested into the system, i.e. you can only receive them once you reach 60 years of age as a foreigner, or 65 for public retirement as a dual citizen if you ever move that far ahead on your stay in South Korea. |
Does that apply to private (university) pension, too, or only the public pension program? |
i'm F4
worked in a private uni
after quitting... i received the money within a month.
I never had to leave or show proof of a ticket. |
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tob55
Joined: 29 Apr 2007
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| Posted: Thu Nov 07, 2013 2:14 pm Post subject: |
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That says it all. Nothing else to say beyond this. |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Fri Nov 08, 2013 1:58 am Post subject: Re: F visa questions |
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| Who's Your Daddy? wrote: |
| ttompatz wrote: |
| littlelisa wrote: |
If changing to an F2 visa, how does that affect your alien registration number? I heard it changes, and then you have to go around changing the number everywhere you had your old number (cell phone contracts, housing contract, etc).
Also, how does changing to an F2 affect your pension? Can you still get it lump sum if you leave, or do you no longer have that option without giving up your F visa?
Has anyone made the switch? |
and yes, you cannot get a pension refund if you are on an F2/6 visa without giving up the visa.
. |
Not true. Maybe they aren't following their rules, but I know a few F visas that have done it. It is discussed on the F-Visa site of other holders doing it (one guy repeatedly)
The Pension office didn't care about my visa type. They checked I'd quit my last job, had a flight out. After I'd left they checked with immigration that I'd left. I returned two weeks later (it was a return ticket), and I made no changes to my F visa status (I held it before I left, and still have it), the money was in my bank account. |
I know of many who got their refund. I never heard of anything in the pension treaty that says something about refund restrictions based upon visa type. |
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