QUESTION: I quitted my work after working for 1 and 1/2 year. How can I calculate my retirement allowance ( Toe Jik Guem) ?


ANSWER: Severance Pay / Retirement Allowance ( Toe Jik Guem)- is paid in the amount of average wages of 30 days for working period of 1 year. Therefore, you can be paid with an average wages for 45 days. 30 days for 1 year and 15 days for 6 months. To calculate the exact retirement allowance, you should know the exact average wages. Average wage is calculated the ( total amount of wages for 3 months prior to retirement divided by total days for 3 months)


EXAMPLE: Juan dela Cruz worked in a company from January 1, 2006 to June 30, 2007 . He was paid as follows: 1,000,000 won in April, 1,100,000 won in May and 1,200,000 won in June.

Average wages- [ 1,000,000 won in April + 1,100,000 won in May + 1,200,000 in June ] / [30 days( April) + 31 days( May) + 30 days( June)] = 36,264 won


Severance Pay/ Retirement Allowance - 36,264 won x 45 days = 1,631,880 won - (Juan received 1,631,880 won )


Source: Easy Korean Labor Law

Hi Reeve,

Ang pagkakaalam ko babawasan pa ng tax yung severance pay so hindi buong 1,631,880 won ang mareceived ni Juan.

May idea ka ba sa proper tax deduction for severance pay?

Nagtatanong lang po

Thanks

pasingit lang po. bago lang po kasi ako eps.ang pagkakaalam ko po, pag di mo nakumpleto ang isang taon.balewala tijikom.halimbawa po, 1 1/2 year, yung kalahating taon, di na babayaran. nagtatanong lang po. pakilinaw nga po.

salamat po.

hello kabayan inhamiller,

Quote:

pasingit lang po. bago lang po kasi ako eps.ang pagkakaalam ko po, pag di mo nakumpleto ang isang taon.balewala tijikom.halimbawa po, 1 1/2 year, yung kalahating taon, di na babayaran. nagtatanong lang po. pakilinaw nga po.

--> once you have worked more than one year in the same company... you can avail the "toejikeum" completely including the incomplete 2nd year of work based on computation (refer to computation above)...

yung hindi lang maka-avail ay yung nagtrabaho ka sa isang company but less than 1 year ay lumipat ka sa ibang company... the bottom line is that you have to work more than one year of the same company then you can avail complete "toejikeum"...

thanks misterdj for your prompt response. actually i'll be turning one year this august and planning to look for another company to work. medyo di na kasi maganda sistema dito.delayed salary for almost 2months plus 3months food allowance.sayang kc tijikom kung di ko tatapusin kontrata.just yesterday, they gave us our salary for the month of june but they haven't given the salary for the month of May yet. i don't know what's their reason/s. anyway, thanks again and more power to this on-line forum. it really helps specially to our kababayan working here in korea.

kabayan inhamiller,

you have a valid reason to resign and transfer to another company... but tiisin mo nalang yan until you finished your 1 year contract to get your "toejikeum"...

don't forget to keep your payslip (last 3 months of your salary)... in case hindi tama ang ibigigay na "toejikeum" sayo soon just tell us... i can give you NGO contact that will help you... (in case lang ha... hope ibigay pa rin nila ang tama)

goodluck kabayan... don't hesitate to ask questions here in our forum... we will try to help according to our limitation...

thank you...

thanks misterdj for your advice. about the payslips, no problem,kumpleto ang payslip ko.sa ngayon, pinag iisipan kung mabuti at pinaghahandaan.nagtatanong tanong.my other concern kasi once the company released me, di ko pa alam kung saan ako magi-stay while looking for a new job. i'll just give some update in the days to come. thanks again.

kabayan misterdj,pakilinaw nga po.marami nagsasabi,dalawa daw makukuha sa tijikom,isa galing sa samsung insurance at isa naman daw galing mismo sa company. totoo po ba ito? thanks!

masterdj and kabayan reeve,

tanong lang po kabayan at para nman malamang din ng ibang eps na kagaya ko ang situation,,i was working here in my company for almost 2 years and 8 months now,and my employeer want us to be back here ater my 3 years contract:here the problem now,,last september 3 ay nahulihan kami ng illegal worker(tnt)ayos lang kase di nman pinoy the problem is our recontract now kase naka hold/ban ung company nmin sa immigration ng 1 year so start september 3 2008 to september 2009 ay hindi sila makakuha ng foreign worker,at matatapos na ang contract ko sa march 7 2008,,so ano po kaya ang dapat na gagawin ko otherwise ng companya ko para makabalik ako ulit dito ng another 2 years?di parin ba approve ang 5 yrs contract deritso na walang uwian sa pinas after 3 years contract?
more power to the eps association and god bless to you and all of us here working here in korea and to all ofw..

best regards
alex

kabayan

paano po pala pag compute Toe Jik Guem halimbawa si juan ay 2 years & 11 months??? pareho lang po ba sa example nyo? kc for sure yung 2 years automatic mayrong Toe Jik Guem .. yung 11 months po paano po yun?

kabayan,
very well explained! ..loud and clear!

maraming salamat po. ngayon alam na namin kung bakit sabi ng mga nakauwi sa ibang kumpanya na iba yung bigay ng samsung insurance co. at iba pa ang bigay ni sajang as Toe Jik Guem.

paano po pag hindi naibigay ni sajang yung "xcess amount due to overtimes"
.paano po natin mahahabol yun? eto po ay para dun sa case na "narenew" si juan na magtrabaho ulit sa kumpanya ni sajang..

location po namin somewhere in taegu. malayo po sa kabihasnan.malayo sa lahat... immigration office...labor..etc.
unfortunately d rin po kami nakakasimba kc pati sunday may work.kaya d kami na update.kaya laking pasasalamat namin sa forum na ito .sa lahat ng bumubuo ng sulyap... many thanks!

kabayan ptulong nman po pano po mag apply para mkuha tijikom kc po 3 yers nko sa march,magkano po dpat ang mkkuha ko at pano ang computation po,saka po sa kokmin po ntin kng pano mag process kng 1 mnth before ba e process,saka kailangan n rin po ba bumili ng ticket sabi nga po requirement daw po un..maraming salamat mga kabayan..

Mga kabayan,
Lapit na naman po ako para magtanong.Sept 5 2008 natapos ang 3 years contract ko.Nakuha ko lang pong tejikom eh 2,460,630 won.Kung pagbabasehan ko po ung computation eh parang kulang po ng malaki.
last 3 month July = 1,525,000 won ( 25 days )
Aug = 1,552,000 won ( 26 days )
Sept = 200,000 won ( 5 days )
-------------------------------------
3,277,000 won / 56 days
= 58,517.85 won

oct 17, 2005 to oct 17, 2006 = 1 year equivalent to 30 days
oct 17,2006 to oct 17 2007 = 1 year equivalent to 30 days
oct 17,2007 to sept 8 2008 = 11 months equivalent to 27.5 dys

total days for 2 years and 11 months is 87.5 days

58,517.85 won
X 87.5 days
---------------------------
5,120,311.87 won

Tama po ba compute ko??????


nakuha ko lang po kasi eh 2,460,630 at pumasok sa account ko sa passbok at ala nakalagay na galing sa samsung.
Kung sakali naman nga po na tama ako ibig sabihin kulang ang nakuha kong tejikom at kanino galing ang nakuha kong 2,460,630 won nung umuwi ako ng pinas?

paki tulong naman po. maraming salamat po

kabayan ask mo company mo...kailan kb narelis...kasi kalimitan inuuna ang dating ng samsung insurance..tapos ihuhuli ang share ng tegicom ng galing sa kumpanya..at huli tong ibinibigay sabay ng last salary...liwanagn mo magaling..at pagsinabi na wala kn makukuha ay dapat talaga na magreklamo ka..tama computation ni sir emart...ingat

kabayang emart pwed ko makuha no mo eto po no ko
010 58116646 salamat p

Call kita sa Monday kapag nasa office me.

maraming salamat po

Kabayan,
kanina po nagputa me sa ofc at cnb sa kwajang nim namin ang tungkol sa back pay o yung kakulangan sa tejikom namin. ang sabi ng amo ko di nila alam ang computation pero willig daw cla na maibalik kung tatawag ang labor sa kanila.ano po kaya ang magandang gawin, ayaw kasi nila na cla ang tumawag sa labor.

Talagang hindi sila tatawag, alangan naman na i-complain nila ang sarili nila ano? So ikaw ang dapat na mag file ng complain. Punta ka sa labor dahil mo lahat ng evidence mo then gagawa ng computation ang labor kung magkano pa obligasyon ng company mo sayo.

to avoid complication ,,u shud go there at labor office and ask for labor assistance that ur company is willing to pay u back ,,so if they can assist ur company to compute it for them,

magandang umaga po sa lht ng bumobou ng sulyappinoy!may katanongan lng po sn ako about po sa tijicom ko!tapos ko po yon 3yrs ko dito sa companya na wlng binigay na dijicom naging agency po ng isang taon klahati tapos naging eps po ako isang taon klhati!ntpos ko 3yrs tapos nerehired po nla ako !sabi po nla makukuha ko lng dijicom ko pagtapos kona yong 3yrs ulit minsanan nlng daw po!okey lng po ba yon!makukuha kb lht yon 6yrs na tijicom pagtapos kona contrata ko! sana po matulongan nyo ako mraming mraming salamt po

mam dapat po nung magexit ka ng 3 years pa lang ay binigay na sa iyo ang tijicom mo...kasi yan ang nasa batas..dahil umuwi ka ..at nirehire ulit..napakatagl ng 6 years bago mo makuha ang tejicom mo..ikaw ang lugi..wat if nalugi ang company nyo..pano mo sya mahabol..malamang tanging basic lang ang mabawi mo pag ganon..mas maganda mabigay na yan sayo asap..may ganyan mga ilang cases..kasi may ibang sajang na mapagsamantala sa empleyado...wag po tayo magpaloko...kunin mo agad ang para sa iyo..