October 16, 2018, 01:24:34 AM


Author Topic: List of National Pension Offices.  (Read 31546 times)

Offline skippy

  • Expert Waygook
  • ****
  • Posts: 874
  • Gender: Male
  • E2/hagwon/Canuck
Re: List of National Pension Offices.
« Reply #40 on: August 27, 2012, 02:46:42 PM »
Found an Interesting post from Dave's ESL cafe that might be relevant to the dual citizen person....  But the post is over 6 years old....

http://forums.eslcafe.com/korea/viewtopic.php?p=879675#879675

Quote
Schneepat
I originally posted this as a lone thread. It would probably do better here.

There has been much talk about how the pension refund only applies to those with Canadian or US citizenship. Those from other countries were pretty much screwed. For the most part this is still true, but there have been recent developments for those carrying dual citizenship.

I worked in Korea from 2002 until June of this year. My E2 visa was under my British passport. A few months before I left I had heard rumors that there were changes being made with the pension program. I also carry Canadian citizenship, so my school inquired about the possibility of getting my money back.

Here's the process I went through to get my pension money back.

The Pension office required proof of citizenship for both countries. For my British citizenship I provided my passport, my British birth certificate, as well as a document made up by the British consulate guaranteeing that my passport was authentic. The Pension office would prefer a British pension number, but that's something I don't have.

For my Canadian citizenship I provided my Canadian passport, my social insurance number, and my Canadian naturalization papers.

I also provided the Pension office with a Canadian bank account number for the transfer.

Up until two months before leaving Korea I had assumed that all the money that had been put into this pension fund was gone. It was nice to get a fairly huge chunk of cash back.

I did all of this at the Pension office in Bucheon. I know that my supervisor had to talk to a person fairly high up in the office about the whole procedure as the front desk personel didn't really know what to do. I hope that this information can help a few of you out there who have dual citizenship with getting your money back. If you have questions about the process, you can email me at schneepat@gmail.com.
Please consider adding some info to your "Personal Text"  Like type of school, visa status, county of origin.  These little bits of info can help people help you.

Offline nonzeroenfilade

  • Adventurer
  • *
  • Posts: 50
  • Gender: Male
Re: List of National Pension Offices.
« Reply #41 on: August 27, 2012, 09:04:24 PM »
I don't have a Canadian passport, only a Canadian citizenship ID card. I came in here on my New Zealand passport. The ID card I have is as good as proof as it gets.
Real smarts start when you stop quoting other people.

Offline skippy

  • Expert Waygook
  • ****
  • Posts: 874
  • Gender: Male
  • E2/hagwon/Canuck
Re: List of National Pension Offices.
« Reply #42 on: August 27, 2012, 11:17:36 PM »
You can try with the card, I just say you will likely get refused.

First, even I who has one citizenship will have to show my passport to get the refund.  Two, you are outside the norm of the usual practice. You are asking for them to deviate from their usual A B C.  You can try and ask them to accept the card as proof but good old human nature and laziness will get in the way.  Koreans are not known for thinking outside the box at times.  More so with bureaucrats.
 
Why not just start the process to getting a Canadian passport.  Is getting that refund worth it to you.   For the rough 6000 dollars I might get, I would spend that couple hundred dollars and legwork getting it.

Edit....

Found another interesting link
http://wiki.galbijim.com/Korean_pension_plan#Pension_status_for_people_who_have_dual_citizenship
Quote
Pension status for people who have dual citizenship

If you have dual citizenship that includes a naturalized citizenship in US or Canada, you are eligible to receive a refund just as citizens of those countries. You will likely be asked to provide both passports and possibly your naturalization papers.

« Last Edit: August 27, 2012, 11:26:01 PM by skippy »
Please consider adding some info to your "Personal Text"  Like type of school, visa status, county of origin.  These little bits of info can help people help you.

Offline nonzeroenfilade

  • Adventurer
  • *
  • Posts: 50
  • Gender: Male
Re: List of National Pension Offices.
« Reply #43 on: August 27, 2012, 11:57:44 PM »
Thanks, I downloaded the application for a Canadian passport today, I leave in 5 weeks, there might be time to send the application with necessary requirements to the embassy in Seoul

. I'm just frustrated with how obtuse the pension office was being - 'But when you came here you said you were from New Zealand!?'

It vaguely states in the Pension website that Canadian nationals - me - are eligible for a refund.
And on the site you quoted, it says dual citizens are as well...
Oh well, I'll give them another try tomorrow.
Real smarts start when you stop quoting other people.

Offline nonzeroenfilade

  • Adventurer
  • *
  • Posts: 50
  • Gender: Male
Re: List of National Pension Offices.
« Reply #44 on: August 28, 2012, 09:39:27 AM »
   

    After putting my plight to the pension office website, I got this in return.

Thank you for your inquiry.



A New Zealand/Canada dual citizenship holder can receive a pension refund as a Canadian citizen.

 

The refund can be made for the period you paid NPS contribution as a Canadian Citizen. So, if you have had Canadian citizenship for all the period you have paid NPS contributions, you can apply for a refund for all the period.

 

The above means that you have had Canadian citizenship since you entered ino Korea. If you acquired Canadian citizenship in the middle of your stay in Korea, you can get the refund for the period you had Canadian citizenship.

 

When you apply for a lump-sum, you have to bring your passport, alien card, bank information proof like a bank statement, flight ticket, and the proof of your Canadian Citizenship.

It can be a Canadian passport which is valid for the period of your stay in Korea or any document or proof showing when your citizenship was started (date or from birth). If you submit a document, it must be issued from or certified by Canadian Embassy in Korea.

 

If you have trouble to apply for a lump-sum even you are showing the proof that you are a Canadian Citizen for the NPS coverage period, please contact us.

 

Sincerely,



National Pension Service International Center



I think is pretty good news, hopefully this information can help somebody else as well!
Real smarts start when you stop quoting other people.

Offline barbbui

  • Veteran
  • **
  • Posts: 147
  • Gender: Female
Re: List of National Pension Offices.
« Reply #45 on: September 26, 2012, 02:15:21 PM »
I went to the pension office last week  and got the procedures from the lady who sits at  the LUMP SUM Payout  desk. 

I am America so this may be diff for other nationalites.

1) When you leave your job, the employer (school) is required to report to the NPS that you are no longer employed.  (Via a form they fax to NPS)

2) The school has  up until the 10th of the next month to send in the pension money that was withheld from your last paycheck. (ex. if your last pay check was Oct 15th. The school will send the pension money to NPS by Nov 10th.)

3) You have to go the the NPS in your area and apply for the LUMP SUM refund: Bring invoice of plane ticket showing flight , ARC, passport, bank info of where you want the only to be sent.

4) NPS will pay out the LUMP SUM after you leave the country.  She said they will check with immigration via passport number to make sure you left the country.

5) After NPS have your docs and the school's doc and they have verified that you left Korea, then they will release the money to your bank.



Offline hawkeyenick

  • Adventurer
  • *
  • Posts: 53
  • Gender: Male
Re: List of National Pension Offices.
« Reply #46 on: December 03, 2012, 07:06:40 PM »
I went to the pension office last week  and got the procedures from the lady who sits at  the LUMP SUM Payout  desk. 

I am America so this may be diff for other nationalites.

1) When you leave your job, the employer (school) is required to report to the NPS that you are no longer employed.  (Via a form they fax to NPS)

2) The school has  up until the 10th of the next month to send in the pension money that was withheld from your last paycheck. (ex. if your last pay check was Oct 15th. The school will send the pension money to NPS by Nov 10th.)

3) You have to go the the NPS in your area and apply for the LUMP SUM refund: Bring invoice of plane ticket showing flight , ARC, passport, bank info of where you want the only to be sent.

4) NPS will pay out the LUMP SUM after you leave the country.  She said they will check with immigration via passport number to make sure you left the country.

5) After NPS have your docs and the school's doc and they have verified that you left Korea, then they will release the money to your bank.

To which bank account?!

Offline hmb06

  • Adventurer
  • *
  • Posts: 62
  • Gender: Female
  • E2 - Public School - GEPIK
Re: List of National Pension Offices.
« Reply #47 on: December 03, 2012, 08:52:49 PM »
The pension office will send the money to the bank account that you specify on the lump sum payout form.  So if you want to send it your bank at home, you'd list that information on your form.  Similarly, if you want it to go to your Korean account, then you list your Korean bank account details.  They will also make a copy of your Korean bankbook with the details if you choose to remit to your bank here.  (At least in my 2 experiences of cashing out pension, they did that for me.)

I've heard some schools are recommending you keep your Korean bank account open after you leave so that when you get your pension refund/airfare reimbursement/housing deposit back, they are deposited much quicker than if you were to send it all home.  This works best if you have KEB with an automatic transfer account linked to your account at home.

Offline barbbui

  • Veteran
  • **
  • Posts: 147
  • Gender: Female
Re: List of National Pension Offices.
« Reply #48 on: December 13, 2012, 09:38:29 AM »
I went to the pension office last week  and got the procedures from the lady who sits at  the LUMP SUM Payout  desk. 

I am America so this may be diff for other nationalites.

1) When you leave your job, the employer (school) is required to report to the NPS that you are no longer employed.  (Via a form they fax to NPS)

2) The school has  up until the 10th of the next month to send in the pension money that was withheld from your last paycheck. (ex. if your last pay check was Oct 15th. The school will send the pension money to NPS by Nov 10th.)

3) You have to go the the NPS in your area and apply for the LUMP SUM refund: Bring invoice of plane ticket showing flight , ARC, passport, bank info of where you want the only to be sent.

4) NPS will pay out the LUMP SUM after you leave the country.  She said they will check with immigration via passport number to make sure you left the country.

5) After NPS have your docs and the school's doc and they have verified that you left Korea, then they will release the money to your bank.

To which bank account?!

They will sent it to any account you give them.    But it has to be your name on the account, if I remember correctly.