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billyg
Joined: 16 Feb 2005
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 Posted: Sat Jun 04, 2005 4:41 pm Post subject: Pension Refund before contract ends? |
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| Is this possible? |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Sat Jun 04, 2005 5:52 pm Post subject: |
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No.
When I asked about getting my pension refund I was told it had to wait till AFTER the last payday. It takes a few weeks after you actually leave the country. |
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billyg
Joined: 16 Feb 2005
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| Posted: Sat Jun 04, 2005 9:47 pm Post subject: |
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| Sorry, I should have been more specific, even though it might warrant the same response... so, if you put proper notice in, and have a ticket home, no refund on the pension, you simply forfeit all those deductions? |
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jay-shi
Joined: 09 May 2004
Location: On tour
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| Posted: Sat Jun 04, 2005 10:19 pm Post subject: |
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Ya-ta Boy is right, it takes a few weeks to process. You don't get your refund immediately. Before you leave Korea go to the pension office with your tickets home and fill out the pension refund form. You can get them to send you a check to an address in your home country or do a wire transfer.
I don't know about leaving mid-contract, you may have to show them a letter of release or some other documents. |
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Grotto
Joined: 21 Mar 2004
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| Posted: Sat Jun 04, 2005 10:23 pm Post subject: |
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| yes you do not get handed the pension it is simply deposited into your account...takes 2-3 weeks |
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Rugged
Joined: 20 Jul 2005
Location: Daegu
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| Posted: Sun Aug 28, 2005 5:30 am Post subject: |
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| So can I go to the pension office with my ticket a couple of days before my contract ends and do all the paperwork or must I wait until my contract is finished? |
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