Korean Job Discussion Forums

el_magico · Joined: 14 May 2006

All the teachers at my school were hit up with 3 times more deduction than usual for insurance.

The employer said that it's got to do with Korean gov't and that in April they all pay extra, even Koreans.

Can anybody confirm this please?

ChuckECheese · Joined: 20 Jul 2006

john · Joined: 15 Jan 2003

They probably didn't take out enough last year so they are catching up. Last Fall the insurance rate went up from around 44,000 to about 50,000 won. Maybe they didn't change their deduction.

Or maybe they are ripping you off . . . but it doesn't sound like that.

princess · Joined: 16 Jan 2003 Location: soul of Asia

I think your chain is seriously being yanked. Your boss is a first-class liar.

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

kimchi story · Joined: 23 Nov 2006

I had an extra deduction taken off in April that was a retro-pay for the increase in insurance. Not three times, tho - more like 15 thousand won, total, iirc.

cbclark4 · Joined: 20 Aug 2006 Location: Masan

Your signature is that ... Goldbloom?

cbc

kimchi story · Joined: 23 Nov 2006

quadra87 · Joined: 28 Jun 2004

buster brown · Joined: 26 Aug 2005 Location: Seoul

Same thing happened to me at my (national) unigwon. I pitched a pretty good fit over it, pulling out previous pay slips and comparing them. The financial officer came in with a printout showing it as a one-time adjustment due to my overtime pay during the previous year. A co-worker who works tons of overtime paid a bigger chunk than me, but others paid less. The main reason I accepted the explanation is because the university only taxes my regular pay...overtime is always paid WITH NO DEDUCTIONS! I think the annual 'adjustment' is legit. You can always call the National Health Insurance scheme to find out what's been paid into your account. If I had any doubts, that would be the first thing I'd do.

wylies99 · Joined: 13 May 2006 Location: I'm one cool cat!

Could be just the tip of the iceberg. This hogwan could be a crapwon. Rolling Eyes

Pak Yu Man · Joined: 02 Jun 2005 Location: The Ida galaxy

They do the same thing at the uni I'm at. deductions are small (or non-existant) until April. Then they take out 3 months at once.

If you paid the normal amount prior to April and then you got nailed for 3X...then it's time to ask the boss WTF is going on.

poet13 · Posted: Tue May 08, 2007 10:00 pm Post subject:

buster brown wrote, "The main reason I accepted the explanation is because the university only taxes my regular pay...overtime is always paid WITH NO DEDUCTIONS!"

Doesn't that make it even LESS legit? I mean, if they're not declaring your extra income and not paying taxes on it, then how can you be paying insurance on income that officially doesn't exist?
Methingks you're getting poked too.

hogwonguy1979 · Joined: 22 Dec 2003 Location: the racoon den

I got a 150k rebate on my health ins, my univ was paying too much in.

same went for a lot teachers

so i bet this is legit

Bondrock · Joined: 08 Oct 2006 Location: ^_^

insurance is based on a % of income... my monthly deduction is almost 60,000 Clams

this april i got dinged for over 300,000 (extra).... perfectly legit because of all the overtime i banked last year, plus i had a raise mid-year and my deductions were not increased because the pay office is a separate department... still...300 Clams, ouch