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Severance Pay
« on: February 14, 2013, 10:49:19 am »
Hey all, quick question. Do we get our severance pay the same time as our last pay check? Im 100% leaving in April and am going back to my home country. Do I have to wait until May to see my severance pay? Just curious when I can expect to get it. I checked my contract as well and it didnt specify...I could check again though.
WinRAR, WinRAR, chicken dinrar


  • shhowse
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Re: Severance Pay
« Reply #1 on: February 14, 2013, 10:51:38 am »
I'm going to pull a lotte world and recommend that you check what your contract says. Some schools are now transferring this money to your home bank account sometime after your contract ends, while others will pay it upfront with all your other final payments.

For myself, also leaving in April, I'm hoping for upfront!


Re: Severance Pay
« Reply #2 on: February 14, 2013, 11:12:24 am »
In my initial post I said I checked my contract already and it didnt specify...but its possible I missed it
WinRAR, WinRAR, chicken dinrar


  • shhowse
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Re: Severance Pay
« Reply #3 on: February 14, 2013, 11:17:36 am »
Haha, sorry! I guess I read your post too quickly and missed that bit. In any case, why don't you ask your school if it will be paid with your last salary, in a "looking for you to say yes to this" manner.


  • mick2064
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Re: Severance Pay
« Reply #4 on: February 14, 2013, 11:22:10 am »
Here's a thought...ask your school/ co teacher/ office admin :P


Re: Severance Pay
« Reply #5 on: February 14, 2013, 11:25:38 am »
lol they seem to get a little squeemish when I mention money...plus its Korea when does anyone do anything with advance notice right? I was going for the Plato approach "trust one who's gone through it."
« Last Edit: February 14, 2013, 02:06:34 pm by Aristotle100 »
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  • shhowse
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Re: Severance Pay
« Reply #6 on: February 14, 2013, 11:27:55 am »
I hear ya! It's just so situational, depending on each school's take of the contract and their budgeting and what not.

What kind of school are you at? If it is a hagwon, you'll likely get it with your final payments. If public school, could be either way.


Re: Severance Pay
« Reply #7 on: February 14, 2013, 11:29:33 am »
public high school, thanks for the help tho haha I understand its a tough question
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  • hmb06
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Re: Severance Pay
« Reply #8 on: February 14, 2013, 01:47:11 pm »
My school (public high school) told me that I would get my severance with my last pay next month (I leave at the end of March), but I won't get my airfare reimbursement or my housing deposit from them until after I've left Korea.  My contract didn't say when I would get the money but I asked my co-teacher and she talked to our admin office for me.  Hope you get your news soon!


  • glb0b
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Re: Severance Pay
« Reply #9 on: February 14, 2013, 01:56:46 pm »
Only your school can answer that question.

I know of people at public school who received everything on the last day of their contract so it is possible.

However, they don't have to pay it then. This is definitely one where you have to ask your school.


Re: Severance Pay
« Reply #10 on: February 15, 2013, 10:01:37 am »
The contracts at our school are all changing.  They now say that you only get your severance when you leave the school.  So i guess that doesn't affect the OP, but i want to know what happens if you leave 2 and half years in?  Do you not get ANY severance whatsoever?


  • misskris
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Re: Severance Pay
« Reply #11 on: February 15, 2013, 11:03:58 am »
by law, you are to receive it within 2 weeks after you finish employment


  • terri
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Re: Severance Pay
« Reply #12 on: February 15, 2013, 11:42:32 am »
The contracts at our school are all changing.  They now say that you only get your severance when you leave the school.  So i guess that doesn't affect the OP, but i want to know what happens if you leave 2 and half years in?  Do you not get ANY severance whatsoever?

I think the law in regard to severance pay recently changed - that may be why your contract has. As far as I know, you will get 2 years severance. Your employers can't withhold that from you even if you leave half way through a 3rd contract. Not sure about the remaining 6 months though, sorry!


  • lotte world
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Re: Severance Pay
« Reply #13 on: February 15, 2013, 12:03:58 pm »
Severance is prorated for every month over one year.

If you work less than a year since your last severance payment, no severance.

If you work more than a year since your last severance payment you get
(n months / 12) x your last monthly salary.

So, 1 year = 12 months = 12/12 = 1 month's salary.
2 years = 24 months = 24/12 = 2 x 1 month's salary.
2 years 6 months = 30/12 = 2.5 x 1 months's salary.

11 months = no severance.
364 days = no severance.

Severance is a government mandated program that is essentially independent of your contract.


  • donuts81
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Re: Severance Pay
« Reply #14 on: February 15, 2013, 12:15:13 pm »
Severance is prorated for every month over one year.

If you work less than a year since your last severance payment, no severance.

If you work more than a year since your last severance payment you get
(n months / 12) x your last monthly salary.

So, 1 year = 12 months = 12/12 = 1 month's salary.
2 years = 24 months = 24/12 = 2 x 1 month's salary.
2 years 6 months = 30/12 = 2.5 x 1 months's salary.

11 months = no severance.
364 days = no severance.

Severance is a government mandated program that is essentially independent of your contract.

This is the answer.

The important thing to note is 'If you work less than a year since your last severance payment, no severance.'
"You can't hurt me now, Mr Lee. I've lost all feeling"


  • amya
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Re: Severance Pay
« Reply #15 on: February 05, 2016, 11:36:28 pm »
What about if you're at a hagwon and it changes owners? They're still required to give you severance pay Bc the hagwon didn't change, right?