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Pension a second time?

 
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Patong Dong



Joined: 06 May 2003
Location: On Nut

PostPosted: Sun Aug 28, 2005 4:27 pm    Post subject: Pension a second time? Reply with quote

Does anyone know if I can get back in the pension program and receive the eventual pay out if I have already cashed out when I last was here? I have heard rumours that it is a one time thing only.
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Homer
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PostPosted: Tue Aug 30, 2005 8:29 am    Post subject: Reply with quote

By law it is a one time thing only.

Best of luck.
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IlIlNine



Joined: 15 Jun 2005
Location: Gunpo, Gyonggi, SoKo

PostPosted: Tue Aug 30, 2005 9:10 am    Post subject: Reply with quote

Homer. Heard. Something. Must. Be. True.

What if I told you that I heard that it really doesn't matter -- you can get it any year that you 'intend' to leave Korea for good.
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Homer
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PostPosted: Tue Aug 30, 2005 10:08 am    Post subject: Reply with quote

I said what the law was IlIlNine.

If you figured out how to cheat that law...well..thats your deal.

I don't really care what you heard, smelled, saw or touched....I was just responding to the OP's question. This in no way meant that I proclaimed to be right and others wrong little dude. Please try to see beyond your little need to bash me.
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IlIlNine



Joined: 15 Jun 2005
Location: Gunpo, Gyonggi, SoKo

PostPosted: Tue Aug 30, 2005 6:34 pm    Post subject: Reply with quote

Homer's Law, maybe.

Quote:
In the case that the person who received Lump-sum Refund regains an Insured status, he/she may pay the amount equal to the Lump-sum Refund plus its interest to the National Pension Corporation by his choice. And the period corresponding to the amount paid shall be counted as an Insured period.


http://www.npc.or.kr/eng/enpsk.html?code=./enpsk/a03.html
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Patong Dong



Joined: 06 May 2003
Location: On Nut

PostPosted: Tue Aug 30, 2005 6:47 pm    Post subject: Reply with quote

Thanks, I'll try and sift through that site when I get a moment.
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