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Calculating severance pay

 
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kelly



Joined: 31 Jan 2003
Location: Seoul

PostPosted: Wed Aug 04, 2004 4:42 am    Post subject: Calculating severance pay Reply with quote

Ok finally got things sorted out, and the tax issue kinda sorted, but now I got another question, when calculating serverance pay, I've read that you calculate on the previous three mths salary, now does this mean that I include all the overtime that I've done? If so that would be really really nice!! Wink
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prosodic



Joined: 21 Jun 2004
Location: ����

PostPosted: Wed Aug 04, 2004 7:22 am    Post subject: Reply with quote

Yes. All overtime is included. Also, if you were paid a housing allowance. Basically, all monetary compensation.

Average wages is defined in Article 19 of the Labor Standards Act.
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spliff



Joined: 19 Jan 2004
Location: Khon Kaen, Thailand

PostPosted: Wed Aug 04, 2004 4:27 pm    Post subject: Reply with quote

^Kelly...where can I download or print an English version of the Korean Labor Standards Act
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prosodic



Joined: 21 Jun 2004
Location: ����

PostPosted: Wed Aug 04, 2004 7:08 pm    Post subject: Reply with quote

spliff wrote:
^Kelly...where can I download or print an English version of the Korean Labor Standards Act


http://www.molab.go.kr:8787/English/law/sub_1.jsp

The English version can be found on the third page of this site. One of my friends is looking for the Korean version for me. I suspect that there are some illuminating differences.
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