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Career Venue => Contract, and Job Related Issues => Topic started by: Brian on October 08, 2006, 10:00:48 am

Title: List of National Pension Offices.
Post by: Brian on October 08, 2006, 10:00:48 am
When the time comes, visit the National Pension Office with your passport, ARC, bank information, and ticket home. 

Here's a list of National Pension offices, with directions on how to find each one.

http://wiki.galbijim.com/National_Pension_Offices
Title: Re: List of National Pension Offices.
Post by: Samuel on October 12, 2006, 09:17:39 am
Very useful information,

Everyone should look at this site, and discuss the matter with hisher co-teacher well in advance of contract's end. It will save himher a large headache at year's end.

Thank you,
Samuel
Title: Re: List of National Pension Offices.
Post by: rgracevn on December 09, 2010, 11:04:54 am
Do you really need a ticket home? I am not going directly home...
Title: Re: List of National Pension Offices.
Post by: Koreak on December 09, 2010, 11:10:52 am
You only need a ticket out of Korea.
Title: Re: List of National Pension Offices.
Post by: alex16 on December 22, 2010, 10:38:58 am
I just received a letter in the mail about this yesterday. So if I plan on traveling for a while after my contract, I can obtain money from my pension before leaving Korea? I saw something about being able to claim it back home. Do we receive all of the money being put into our pension back?
Thanks!
Alexandra
Title: Re: List of National Pension Offices.
Post by: techteacher on December 22, 2010, 10:44:24 am
In the letter I got last week, at the bottom it says that you can apply at Incheon Airport. They give you a receipt and you are able to get a refund after going through the departure procedure. 

You get the 4.5% you pay plus the 4.5% the school plays...so yes, you get all of it.
Title: Re: List of National Pension Offices.
Post by: Koradian on December 22, 2010, 10:48:34 am
FYI: You are supposed to be leaving the country for good. They require a ONE-WAY ticket out of Korea. You may have some explaining to do if you show up with a round-trip ticket.
Title: Re: List of National Pension Offices.
Post by: Canonite on March 10, 2011, 12:45:56 pm
Wicked! Thanks for the link...bookmarked :) They even have directions as to how to get to the offices :)
Title: Re: List of National Pension Offices.
Post by: ame on March 10, 2011, 12:53:01 pm
Wicked! Thanks for the link...bookmarked :) They even have directions as to how to get to the offices :)

Don't forget- 'they' is 'us'.  It's a wiki.  Anyone can edit it.  If you find an error or omission, please fix it (or ask someone else to).
Title: Re: List of National Pension Offices.
Post by: smileseoul on April 25, 2011, 01:37:31 pm
Hi,

I leave for the UK in a year - one of my co-workers is really supportive and so I am getting everything sorted before she leaves the job.

I have made a reservation now for my departure to the UK, I am a UK resident. Is there anything else I can do and give to my co-worker to make the refund as easy as possible. The UK Tax Office has sent me paperwork today - so I will give this to her.
Title: Re: List of National Pension Offices.
Post by: Koala83 on April 26, 2011, 10:15:59 am
This is so great! Weight off my shoulders ;)
Title: Re: List of National Pension Offices.
Post by: pcunit2009 on May 19, 2011, 10:36:15 am

Quote
I leave for the UK in a year - one of my co-workers is really supportive and so I am getting everything sorted before she leaves the job.

I have made a reservation now for my departure to the UK, I am a UK resident. Is there anything else I can do and give to my co-worker to make the refund as easy as possible. The UK Tax Office has sent me paperwork today - so I will give this to her

I didn't think Brits qualified for a pension refund???!!! Has this changed?!
Title: Re: List of National Pension Offices.
Post by: jepooteacha on June 01, 2011, 08:48:51 pm
Hey--thanks for all the info here about pension refunds, but I can't seem to find out when the right time to apply is.  Can I go before my contract is up, or must I wait until it's finished?  My contract is up on 14 June, can I go before that date to apply? 

Also, how long does it take to get the refund deposited into my account?

Thanks in advance.  (If this is basically a repost, I'm sorry....I just couldn't find the answer anywhere.  Is there a search option that I'm missing?)
Title: Re: List of National Pension Offices.
Post by: bmsteacher on June 01, 2011, 09:00:49 pm
Hey--thanks for all the info here about pension refunds, but I can't seem to find out when the right time to apply is.  Can I go before my contract is up, or must I wait until it's finished?  My contract is up on 14 June, can I go before that date to apply? 

Also, how long does it take to get the refund deposited into my account?

Thanks in advance.  (If this is basically a repost, I'm sorry....I just couldn't find the answer anywhere.  Is there a search option that I'm missing?)

You could go now if you have a ticket out of Korea.  You'll need that and some other information (bank accounts, etc.).  Good luck!
Title: Re: List of National Pension Offices.
Post by: Billy on July 04, 2011, 03:07:35 pm
Do I have to go to one in the 'gu' where I live or the 'gu' where I work?

Or does it not matter and I can to any one?
Title: Re: List of National Pension Offices.
Post by: robhip on July 05, 2011, 08:17:09 am
Did anyone visit any of these Pension Offices yet? I would like to find one with solid English speakers. I have a question about why I don't receive 4.5% like many of my waygook friends do.    ???
Title: Re: List of National Pension Offices.
Post by: Ollie84 on August 01, 2011, 01:45:07 pm
Hi,

I leave for the UK in a year - one of my co-workers is really supportive and so I am getting everything sorted before she leaves the job.

I have made a reservation now for my departure to the UK, I am a UK resident. Is there anything else I can do and give to my co-worker to make the refund as easy as possible. The UK Tax Office has sent me paperwork today - so I will give this to her.

UK citizens don't get refunded. This information is pretty clear if you do a basic search on the matter.
Title: Re: List of National Pension Offices.
Post by: bmsteacher on August 04, 2011, 11:40:42 am
When the time comes, visit the National Pension Office with your passport, ARC, bank information, and ticket home. 

Here's a list of National Pension offices, with directions on how to find each one.

http://wiki.galbijim.com/National_Pension_Offices

Use this form when applying for your lump sum refund. 

Good luck to all!

Title: Re: List of National Pension Offices.
Post by: nancy on August 04, 2011, 12:34:43 pm
I don`t think that the overseas remittance form is the right form if you are looking for a lump sum refund. I was at the NPS yesterday and filled in the paperwork. They have one form for Canadians and another for Americans. The process is very easy. It only took about five minutes and the NPS worker showed me on the calendar when the money would be in my account and the amount (in won) I would be receiving. I think the remittance form is if you want to contribute from overseas. I could not find the right form online and got it at the NPS office.
Title: Re: List of National Pension Offices.
Post by: bmsteacher on August 04, 2011, 04:17:20 pm
I don`t think that the overseas remittance form is the right form if you are looking for a lump sum refund. I was at the NPS yesterday and filled in the paperwork. They have one form for Canadians and another for Americans. The process is very easy. It only took about five minutes and the NPS worker showed me on the calendar when the money would be in my account and the amount (in won) I would be receiving. I think the remittance form is if you want to contribute from overseas. I could not find the right form online and got it at the NPS office.

That's interesting!  I filled out the above form as well as another form for Canadians, which had a lot of the same information repeated.  Perhaps you are right.  Well, consider everyone warned then. 
Title: Re: List of National Pension Offices.
Post by: bluesky72 on August 28, 2011, 12:53:59 pm
I have a question:

Is any money deducted from your paycheck toward the national pension fund during the first two "tax free" years of teaching in Korea?  If yes, then how much is deducted?
Title: Re: List of National Pension Offices.
Post by: Ollie84 on September 04, 2011, 10:56:26 pm
Does anyone know what time the pension offices in seoul close. Are they open on saturdays? I guess not.
Title: Re: List of National Pension Offices.
Post by: StephSeoul on September 06, 2011, 08:31:01 pm
Is there a certain bank that is better for this process?  I've heard that some make it very difficult when it comes to international money transfers.
Title: Re: List of National Pension Offices.
Post by: hmhlee on September 30, 2011, 02:21:14 pm
Can I only claim my pension if I complete the contract? I only plan to stay 6 months and I wanted to know if it was possible to claim the pension for the 6 months I've worked in Korea? thanks!
Title: Re: List of National Pension Offices.
Post by: cruisemonkey on October 03, 2011, 09:45:24 pm
Can I only claim my pension if I complete the contract? I only plan to stay 6 months and I wanted to know if it was possible to claim the pension for the 6 months I've worked in Korea? thanks!

Assuming you're eligible for a lump-sum refund (your country has a reciprocal agreement with Korea) and your employer has made the payments, the length of time spent in K-land (or completion of a contract) is irrelevant and of no concern to the NPS.
Title: Re: List of National Pension Offices.
Post by: LKT1123 on October 09, 2011, 08:25:01 pm
how do you get reimbursed for your pension deducted from your paycheck?
Title: Re: List of National Pension Offices.
Post by: Emmat on November 01, 2011, 10:00:58 am
If you are a Brit and you are frustrated that you won't get to see your pension contributions again why don't you join the fight to change that at:

Waygooks for British Pension Refunds

http://www.facebook.com/pages/Waygooks-for-British-Pension-Refunds/210893912315201
Title: Pension for Dual Nationals
Post by: Redwood on November 18, 2011, 03:26:40 pm
Just some information based on my experience.

If you hold dual nationality with a country that has a totalization agreement then you can get a full pension refund. For example, my Visa is on my UK passport but I provided my US Passport, Social Security Card and Birth Certificate to get a full refund.

If the clerk is unfamiliar with the process ask to speak to someone higher up in the chain of command.

Peace.

Title: Re: List of National Pension Offices.
Post by: GregSandford on February 17, 2012, 11:45:22 am
Instead of the ticket, will a receipt for the ticket be enough for the pension refund?
Title: Re: List of National Pension Offices.
Post by: Rhodesian on February 21, 2012, 03:14:56 pm
Hi,

I leave for the UK in a year - one of my co-workers is really supportive and so I am getting everything sorted before she leaves the job.

I have made a reservation now for my departure to the UK, I am a UK resident. Is there anything else I can do and give to my co-worker to make the refund as easy as possible. The UK Tax Office has sent me paperwork today - so I will give this to her.

UK citizens don't get refunded. This information is pretty clear if you do a basic search on the matter.


Ok where can you "search on the matter?"
I am a UK citizen and a New Zealand permanent resident..
Title: Re: List of National Pension Offices.
Post by: iggyb on February 21, 2012, 05:22:26 pm
Yes.  I bought my ticket online at Orbits.  Printed out the email confirmation and took that in.  I went to the Jongno branch in Seoul.

The only trouble I had was with the bank account back home.  I don't have a bank book for that here.  I thought bringing in the bank account # and routing # would be enough.  It wasn't. 

A proof of wire transfer was.

So, I took a taxi to the nearest KEB.  Wired some money home.  Took a taxi back and gave her the receit.  All was well...
Title: Re: List of National Pension Offices.
Post by: Paul on February 23, 2012, 12:06:56 pm
I'm going to post a little more info here for you guys, including some Australia-specific stuff, having done this yesterday. Basically, just rock up at the national pension office (list linked on the first post) in your last week. My local office closes at 5 pm apparently. No delays, no problems. There's a dedicated counter for the lump-sum refund. The documents I filled in were really simple and I dealt with a lady who spoke perfect English. However, page one of the paperwork is country-specific. It will ask for country specific items. It may be worth moving a list of known country specific items to the opening post for future reference.

Stuff Everyone Needs to Bring

Stuff for Australians
Title: Re: List of National Pension Offices.
Post by: rita2011 on February 25, 2012, 08:24:01 pm
Has anyone used a deposit slip from your US bank account? Will this work well for information needed at the NPS office for lump sum refund?
Title: Re: List of National Pension Offices.
Post by: mimster on March 02, 2012, 09:53:05 am
Thank you for the list!  It's very useful.  How long does it usually take to get your pension money back?
Title: Re: List of National Pension Offices.
Post by: Jumpman Jr. on July 17, 2012, 07:23:33 am
I'm slightly worried about this "Overseas Bank Number in Printed Form" that Paul mentioned.

I know all of my home bank information (account number, bank number, whatever that other number is....) but what is this "in Printed form" mean?

Can't I just go and tell them the numbers?
Title: Re: List of National Pension Offices.
Post by: jhung713 on July 18, 2012, 05:06:02 pm
Has anyone applied for the pension to be sent in the form of a cheque? (I'm sending money directly Hong Kong instead of Canada - next job is there)
If so, is it sent by courier of registrar mail?
Title: Re: List of National Pension Offices.
Post by: woman-king on August 01, 2012, 11:08:28 am
I'm slightly worried about this "Overseas Bank Number in Printed Form" that Paul mentioned.

I know all of my home bank information (account number, bank number, whatever that other number is....) but what is this "in Printed form" mean?

Can't I just go and tell them the numbers?

Have you made any wire transfers from your Korean account to your home one?  You should have provided an overseas remittance number the first time you made one of those that is then printed on the receipt you get after making a wire transfer.  Bring in one of those receipts.  (If I'm wrong, someone, correct me but that is what I read further up in the thread).

Question: What is the EARLIEST one can apply for their pension?  Is 2 months in advance too soon?  I have time over vacation the first two weeks of August and will be leaving the last week of September.
Title: Re: List of National Pension Offices.
Post by: Roo on August 02, 2012, 10:21:48 am
Question: What is the EARLIEST one can apply for their pension?  Is 2 months in advance too soon?  I have time over vacation the first two weeks of August and will be leaving the last week of September.


I'm not entirely positive about this, but I believe you can only apply 30 days or less before you leave.
Title: Re: List of National Pension Offices.
Post by: nonzeroenfilade on August 27, 2012, 12:39:05 pm
Hi guys,
Great thread, great help.
I'm a New Zealander holding a dual citizenship with Canada.
I came here on my NZ passport and after three years, I'm trying to apply for the pension refund, a reasonable amount of money after three years. On the phone, they told my co teacher: Because he came here on a NZ passport, he cannot get refund.

I have proof of my Citizenship, my ID card clearly showing my Canadian citizen status. I don't have a Canadian passport, though.

Has anyone been through a similar problem? Or, better yet, can anyone help me with this?
Title: Re: List of National Pension Offices.
Post by: skippy on August 27, 2012, 02:42:34 pm
When you applied for you visa, which country did you apply with?

This is an interesting problem.   If you applied as NZ citizen, maybe you might be consider a NZ here.   

All I can say at the moment is check out the National pension website.   It explains things pretty nicely.
http://english.nps.or.kr/jsppage/english/main.jsp

Please keep us appraised
Title: Re: List of National Pension Offices.
Post by: skippy 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.
Title: Re: List of National Pension Offices.
Post by: nonzeroenfilade 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.
Title: Re: List of National Pension Offices.
Post by: skippy 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.

Title: Re: List of National Pension Offices.
Post by: nonzeroenfilade 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.
Title: Re: List of National Pension Offices.
Post by: nonzeroenfilade 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!
Title: Re: List of National Pension Offices.
Post by: barbbui 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.


Title: Re: List of National Pension Offices.
Post by: hawkeyenick 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?!
Title: Re: List of National Pension Offices.
Post by: hmb06 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.
Title: Re: List of National Pension Offices.
Post by: barbbui 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.