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Canuck Teacher
Joined: 18 Feb 2007
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 Posted: Fri Apr 13, 2007 2:24 am Post subject: Pension Contribution Amounts |
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| how much of a pension contribution do you make each month? My salary is W2.33 mil / month and i pay W120,000 per month towards my pension. Doesn't that seem high? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Apr 13, 2007 4:41 am Post subject: Re: Pension Contribution Amounts |
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| Canuck Teacher wrote: |
| how much of a pension contribution do you make each month? My salary is W2.33 mil / month and i pay W120,000 per month towards my pension. Doesn't that seem high? |
If that is your GROSS salary, yes, it is high.
For your bracket the pension contribution is 108,000 won. |
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gmat
Joined: 29 Jan 2003
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| Posted: Fri Apr 13, 2007 9:22 am Post subject: |
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If your school is matching, then you are benefiting. Keep quiet about it.
edit: assuming you get your pension back later (Canadian/American)
edit 2 ; ooops, Canuck Teacher (keep quiet)  |
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sconner
Joined: 26 Jan 2006
Location: South Carolina
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| Posted: Fri Apr 13, 2007 12:04 pm Post subject: |
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| ttonpatz is right. The same thing happened to me and when I checked with the pension office it turned out my boss had only reported my income as a little over half of what it was. He was taking the full amount out of my pay so he wouldn't have to contribute. You should give the pension office a call and check what your salary is being reported as. |
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