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A way to get your pension.

 
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lastat06513



Joined: 18 Mar 2003
Location: Sensus amo Caesar , etiamnunc victus amo uni plebian

PostPosted: Mon Jan 09, 2006 3:31 am    Post subject: A way to get your pension. Reply with quote

If you quit your job and are going on vacation.
You can get your pension at that time.
And you don't need a bank account in your home country (actually, because of time constraints, I wouldn't recommend it)

If you quit your job and plan to go somewhere for a short time, all you need to do is go to the pension office and provide them with the following items.

1. Passport
2. Korean Bank account
3. ARC
4. Social Security card (for Americans)
5. One-way ticket out of Korea (you can either get a seperate return ticket or get a ticket at your destination)

After filling out the forms you can get your pension back and in some cases, it could take about 3 weeks.

The advantage to using your Korean bank account is that you get the money quicker.
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OiGirl



Joined: 23 Jan 2003
Location: Hoke-y-gun

PostPosted: Mon Jan 09, 2006 4:09 am    Post subject: Re: A way to get your pension. Reply with quote

lastat06513 wrote:
4. Social Security card (for Americans)

Just curious...do you really mean this? I mean, it's the number that's so important...how many Americans know where their SS card is? And who takes it with them to Korea?

But if it makes it easier to get the pension refund, I'll surely dig it up!
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lastat06513



Joined: 18 Mar 2003
Location: Sensus amo Caesar , etiamnunc victus amo uni plebian

PostPosted: Mon Jan 09, 2006 4:33 am    Post subject: Reply with quote

It was on the list of things they wanted a copy of and yeah, if it makes getting the pension easier, so be it!


Anyway, I had mine laminated and I carry it everywhere, no matter whether I'm here or in the US
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dulouz



Joined: 04 Feb 2003
Location: Uranus

PostPosted: Mon Jan 09, 2006 5:14 am    Post subject: Reply with quote

I concur with the OP except for the SSN card. I did not need mine 2 months ago when I got my pension. The one way ticket can be refundable.

Warning about the "country leaving requirement". They make some serious claims about a penalty and no one is aware if Pension talks to Customs to amke sure you have really left.
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lastat06513



Joined: 18 Mar 2003
Location: Sensus amo Caesar , etiamnunc victus amo uni plebian

PostPosted: Mon Jan 09, 2006 6:13 am    Post subject: Reply with quote

True...
But as long as you are not on record when you collect, you can come back on a tourist and get another E2.
I had questions about that too after I withdrew my pension, I was told that my pension account would start at "0" again.
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joe_doufu



Joined: 09 May 2005
Location: Elsewhere

PostPosted: Mon Jan 09, 2006 6:32 am    Post subject: Re: A way to get your pension. Reply with quote

OiGirl wrote:
lastat06513 wrote:
4. Social Security card (for Americans)

Just curious...do you really mean this? I mean, it's the number that's so important...how many Americans know where their SS card is? And who takes it with them to Korea?


OiGirl, are you Canadian or what? Those of us born in the US are raised from birth to know that we're just a number in the eyes of most organizations we deal with. We're handed a Social Security card at birth, know the number by heart, and carry the card with us until we die. Mine is in my wallet now... I signed it when I was learning cursive letters in elementary school, and that signature is preserved forever by lamination.
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MeanyMichi



Joined: 03 Jun 2005
Location: SNOW!!!

PostPosted: Mon Jan 09, 2006 10:03 am    Post subject: Re: A way to get your pension. Reply with quote

joe_doufu wrote:
OiGirl wrote:
lastat06513 wrote:
4. Social Security card (for Americans)

Just curious...do you really mean this? I mean, it's the number that's so important...how many Americans know where their SS card is? And who takes it with them to Korea?


OiGirl, are you Canadian or what? Those of us born in the US are raised from birth to know that we're just a number in the eyes of most organizations we deal with. We're handed a Social Security card at birth, know the number by heart, and carry the card with us until we die. Mine is in my wallet now... I signed it when I was learning cursive letters in elementary school, and that signature is preserved forever by lamination.


If you're Canadian they want your Social Security Card, too.
I wrote in just the number, but they insisted on seeing the card
and making a copy.
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OiGirl



Joined: 23 Jan 2003
Location: Hoke-y-gun

PostPosted: Mon Jan 09, 2006 2:23 pm    Post subject: Re: A way to get your pension. Reply with quote

joe_doufu wrote:
OiGirl wrote:
lastat06513 wrote:
4. Social Security card (for Americans)

Just curious...do you really mean this? I mean, it's the number that's so important...how many Americans know where their SS card is? And who takes it with them to Korea?


OiGirl, are you Canadian or what? Those of us born in the US are raised from birth to know that we're just a number in the eyes of most organizations we deal with. We're handed a Social Security card at birth, know the number by heart, and carry the card with us until we die. Mine is in my wallet now... I signed it when I was learning cursive letters in elementary school, and that signature is preserved forever by lamination.


I know the number; memorizing it is part of the process of applying for university. I haven't had to show the card to anyone...I think ever in my life. I think it's in a file with my voter registration card: again, an "important document" which is rarely used.
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hogwonguy1979



Joined: 22 Dec 2003
Location: the racoon den

PostPosted: Mon Jan 09, 2006 2:52 pm    Post subject: Reply with quote

If I'm in the US I wouldn't carry my SS card, what if somebody lifts your wallet, they could do some serious damage to you with that number. In fact its now suggested that you DON'T carry it on your person because of this.
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crazylemongirl



Joined: 23 Mar 2003
Location: almost there...

PostPosted: Mon Jan 09, 2006 3:48 pm    Post subject: Reply with quote

Is it true about the SS card? I'm Canadian but don't have one. I heard you just needed your passport.
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coulter



Joined: 21 Apr 2004
Location: Gangwon-Do

PostPosted: Mon Jan 09, 2006 6:01 pm    Post subject: Reply with quote

crazylemongirl wrote:
Is it true about the SS card? I'm Canadian but don't have one. I heard you just needed your passport.


I didn't have my SIN card when I claimed my pension. They asked for it, though. You do need to know your SIN to have your pension money sent to your Canadian account.
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crazylemongirl



Joined: 23 Mar 2003
Location: almost there...

PostPosted: Mon Jan 09, 2006 7:32 pm    Post subject: Reply with quote

coulter wrote:


I didn't have my SIN card when I claimed my pension. They asked for it, though. You do need to know your SIN to have your pension money sent to your Canadian account.

It's not going to a Canadian account though. I thought they just sent you a cheque.
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Hobophobic



Joined: 16 Aug 2004
Location: Sinjeong negorie mokdong oh ga ri samgyup sal fighting

PostPosted: Tue Jan 10, 2006 7:15 pm    Post subject: Reply with quote

There are a few options with the refund...they do offer to mail you a cheque if you don't want the Direct Deposit option...

When I did it in 2002, I had them put in my account back home...took about a month after my departure date...I came back 2 months later and have had no problems since...
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