Korean Job Discussion Forums

[rok_the-boat]

My School tried to enter me into the Korean teacher's pension scheme but it does not work unless you are from certain countries. I kinda knew that, but there was no harm in letting them try. However, one univ. offered me a job, and tried to persuade my saying they would put me on that same scheme. So, be careful what you get promised as it might not materialise.

Countires with which the sceme works are:
Ghana
Malaysia
America
Bermuda
Srilanka
Switzerland
Elsalvador
Indonesia
Kazakhstan
Canada
Kenya
Trinidad
Hong Kong

By all accounts, if you can get in on this pension, it is a good deal. But for me - another one of the reasons I am leaving Korea ...

[rok_the-boat]

I should clarify the above post. My school did enter/has entered me for the Teacher's pension - so that part is possible (I have even made a few payments). What is seemingly impossible is to transfer the money accrued in the National Pension (NP) to the new pension - and even if it were, I would still ahve to top it up with money of my own to make up for what I have missed out on by not joining earlier - a retroactive approach). I say 'seemingly' as my school seems to think it might be possible -- if they push hard enough. If, and it is a big if, it becomes possible, then it could be one way to get your pension money because, as far as I am being told, I could withdraw my money from the Teacher's Pension. But then, what does anyone really know.

Anyway, has anyone from a non-listed country managed to transfer their pension from one scheme (NP) to another?

Also, does anyone know anything about a non-listed country worker being able to transfer the NP to their home country, or, to be able to withdraw the money after ten years (that number came up). I am hearing all kinds of odd info from people who should know but who constantly contradict each other (what I term as adminstrative idiots, who should have any degrees in public administration withdrawn).

[IlIlNine]

Some universities have their own private pension scheme in lieu of the national scheme. You may be able to get your refund from one of those if you can't get one from the national scheme.

[rok_the-boat]