All About Twejikum (퇴직금) (Computation, Claiming, Etc.)

The Twejikum (퇴직금) is one of the benefits that a migrant worker in Korea can avail after the sojourn in South Korea. It is also called “severance pay”, a lump sum of money paid by the employer for the number of years that a particular worker has served the company. Those who were able to work in one company for a minimum of one year or more are qualified to receive the severance pay.


COMPUTATION


About one month before your departure, your company(or you) will contact the insurance company for the computation of your Departure Guarantee Insurance. The insurance company will then provide the receipt where it shows the computation of your Twejikum. This is how it is being computed:



  1. 1. Add your last 3 months salary

Example:

 January : 1,800, 000 Won

 February: 1,900,000 Won

 March: 2,000,000 Won

Last 3 months salary = 1.8M won + 1.9M won + 2M won = 5.7M won


  1. 2. Get the average pay per day by dividing the sum of your Last 3 months salary by the total number of days of last 3 months.

Example:

January : 31 days

February: 28 days

March: 31 days

Total Number of Days of Last 3 Months= 31+28+31 = 90 days

Average Pay Per Day = 5.7M won ÷ 90 days = 63,333.33 Won/Day


  1. 3. Compute the Average salary in one month by multiplying the result of number 2 to 30 days.

Average Pay Per Month = 63,333.33 x 30 = 1,900,000 Won

  1. 4. Compute your Twejikum by Multiplying the result to the number of years of service.

To compute the exact number of years, this is the formula:

Number of years = Total Number of years + [Total Number of Months x (1 year/12 months)]

(For example, worker has finished 4 years and 10 months of work):

                Number of years = 4 years + [10 months x (1 year/12 months)]

                Number of years = 4 years + 0.83

                Number of years = 4.83

Twejikum = 1,900,000 Won x 4.83

Twejikum = 9,177,000 KRW


CLAIMING


Now that you know how much your twejikum is, the big question now is how to claim it!


Your boss should pay you that amount the moment you leave the company. Basically, they have been paying for your severance pay already via the Departure Guarantee Insurance. However, as they are only paying 8.3 percent of your monthly salary, your boss should pay you upfront for the remaining amount.


Say for example, your boss was able to deposit a total of 6,000,000 won in your departure guarantee insurance, he should pay you a total of  9,177,000 KRW- 6,000,000 KRW which is 3,177,000. This amount should be deposited in your payroll account along with your last salary or whatever account you want to nominate.


How about the 6,000,000 won? Where should you claim it?


You should claim it at the airport. Your boss will let you sign up a form where you can nominate a bank to which you want to claim the remaining amount of your departure guarantee insurance. Once you signed up the form, all you need to do is wait for your date of departure and claim it in the airport.


CLAIMING TWEJIKUM AT THE AIRPORT



When claiming Twejikum at the airport, you must go to the bank you nominated at the third floor of Incheon Airport. Usually, they are located near the boarding gates of the airport. You can ask around or look it up yourself, they are not difficult to find.


Once you’re at the currency exchange center of the bank of your choice, they will simply ask you for passport and Alien Card. They already know you are coming, there’s no more fuss or asking for extra document when you approach them.



They will convert your money into dollar denomination, and after verification, they will give you a receipt of the conversion of your money. You must present this receipt at the bank after passing through the immigration so they will give you your cash. Don’t worry, they will provide instruction as to which gate the bank is located, all you need to do is enter the immigration and proceed to the gate they suggested to find the bank and get your cold cash!


That’s it! It’s not really that complicated. If you know how to follow instruction, you can get your twejikum without a fuss. For better flow of transaction, it would be better if you book a flight at night time and during weekdays.

Comments

  1. Yun pong kukmin paano i-claim? Sa incheon airport po ba yun o sa pinas na makukuha?

    ReplyDelete
    Replies
    1. it's up to you jhonel. I'm in the process of writing about claiming kukmin at the airport, hopefully, i can publish it within this week, watch out for it.

      Delete
    2. Ok sir, i'll wait for that. Salamat po :)

      Delete
    3. here it is https://www.saranghaekorea.com/2017/07/how-to-claim-your-lump-sum-refund-of.html

      Delete
    4. hellow maam pano po ma claim ang samsung insurance at twejikum dto sa pinas? thankyou and godbless

      Delete
    5. hello maam pano po ma claim ang twejikum at samsung insurance ko po dto sa pinas?

      Delete
  2. What if My end of visa is April 17 and i work till april 12 what months they will base the computation?

    ReplyDelete
    Replies
    1. computation will be based on the actual date when you stop working. so, it should be computed up to april 12.

      Delete
  3. Which salary are they going to use for computation sir/Ma'am. The Gross, or Net salary? Tnx.

    ReplyDelete
    Replies
    1. It should be based from your gross salary.

      Delete
    2. what can I do if my boss not do so.. he calculate for very low salary other than we get paid..

      Delete
    3. Go to migrant center and complain

      Delete
  4. Is twegikom same as twegik yeonkum?
    Is the computation of twegikom for korean husband is the same as EPS?
    THANKS.

    ReplyDelete
    Replies
    1. Hello.. I'm not sure how twejikom is being computed for the locals though. sorry

      Delete
  5. Good day pede napo ba maclaim twejikum sa gimhae airport?

    ReplyDelete
  6. last 3 months salary based on months or based on days? ie. 90 days.

    see, if my last working date is may 21 than how i count my severance pay

    if it is base on month the last month salary will be low because i will work only May 21

    March = 2000000
    April = 1800000
    May = 1200000

    than march 31+ April 30 May 31 =92 days?
    5000000/92 = 54347 won

    Is this is right????????????
    please clear me.

    ReplyDelete
    Replies
    1. hi, that' wrong. the computation of your last three months must be based from february 21 up to May 21. This is how you add up your last three months salary:

      Your salary from february 21 to february 28 + Your salary from March 1 to march 31 +your salary from April 1 to April 30 + your Salary from May 1 to May 21.

      Delete
  7. hi, that' wrong. the computation of your last three months must be based from february 21 up to May 21. This is how you add up your last three months salary:

    Your salary from february 21 to february 28 + Your salary from March 1 to march 31 +your salary from April 1 to April 30 + your Salary from May 1 to May 21.

    ReplyDelete
    Replies
    1. mam pano po pghindi binigay ni amo ung tejikum at nasa pilipinas nko pano po yun san po ako pdng lumapit pra mgreklamo

      Delete
    2. That's tricky. You should have processed it before you went home. Best to call HRD Korea in Philippines and ask about this

      Delete
  8. GOOD AFTERNOON MAM,,,ASK LANG SA AIRPORT PO ALIN PO ANG UNANG I CACLAIM TEJIKUM PO B O KUKMIN,,TNKS PO.

    ReplyDelete
    Replies
    1. it doesn't matter po maam, it's up to you ano gusto mo unahin

      Delete
  9. MAM ISANG QUESTION PA PO PALA,,,YUNG TEJIKUM KO PO KASE,,BALE APRIL 12 PO FLIGHT KO..TPOS HNGGNG APRIL 10 LANG PO YUNG LAST DAY KO SA WORK,,,ANG CUTOFF PO NAMEN AY EVERY 21...PAANU PO KAYA ANG COMPUTATION NG TEJIKUM KO...ITO PO BA AY DECM,21 TO JAN 20 THEN JANUARY 21 TO FEB 20 THEN FEB 21 TO MARCH 20 EH YUNG MARCH 21 PO HNGGNG APRIL 10 KSAMA PA PO BA ??TNKS PO

    ReplyDelete
    Replies
    1. sorry po maam/sir, ngaun lang ako nakareply. computation should be based from the exadct last three months of your work. Jan 10 to feb 10, feb 10 to march 10, march 10 to april 10. dyan po ibabase yong computation

      Delete
    2. Hi po tanong ko lng po. Lumagpas po sa cut off namin yung pasok ko bali meron po ako napasokan na 2 weeks. Kasama parin ba sa last 3 months yun? Eh hndi na po buong 1 months po yun.

      Delete
    3. yes, kasama yon. The computation of number of months must be adjusted to make it three months

      Delete
  10. Happy good day po, ask ko lng po kung isa lang po ba ang format ng pagcompute ng twejikum ng company?

    ReplyDelete
    Replies
    1. Kng s pinas kukunin ang kukmin.ung twejikum b mrrecive p rin s airport or isasama n lhat ippdala ..no need na ba to go sa bank sa airport to get the twejikum

      Delete
    2. then advice your boss that twejikum must be claimed in the Philippines para hnd nya na kailangan i endorse sa bank.

      Delete
  11. Paano po kung 1 year and 10 months lang ako. Pano po cinoutation dun???

    ReplyDelete
  12. Mam ung akin matapos ako feb 14 pno kung exit ako feb 10 wala po b problem un....?please reply

    ReplyDelete
    Replies
    1. wala naman po, pa adjust mo na lang yong last three months mo po

      Delete
  13. Hello, is it possible na ibang monthly wage ang ibibigay ng employer for computation? And possible po ba na mas mababa pa sa basic ngayon, ang ibigay ng employer na monthly wage for computation?

    ReplyDelete
    Replies
    1. Possible, but that's illegal. Computation must be based on the "Actual" monthly wage. if your boss computes your twejikum lower than the actually monthly wage, go to migrant center and complain.

      Delete
  14. sir paano po ba ma claim ang teigikum dito sa pinas kasi

    ReplyDelete
    Replies
    1. It will be sent via the bank you endorsed when you processed it in South Korea.

      Delete
  15. hello po dito na po kasi ako sa pinas mahigit one month na po ako dito. paano po ba yung proseso ng pagkuha ng twegikum dito sa pinas.

    ReplyDelete
    Replies
    1. hndi po ba kyo nag bigay ng bank account bago umuwi? ihuhulog kasi yun sa bangko na ibinigay nyo

      Delete
  16. Good evening po ma'am.bukas npo uwi ko. Pano po ang computation ng twejikum ko. Bale 3 yrs lng ako sa trabaho ko

    ReplyDelete
    Replies
    1. hello po, please read the content of this article. dyan na po lahat na explain with formula pa kung paano ang computation. Please do your due diligence.

      Delete
  17. Good day! I'm still confused between twejikum and kookmin. Are they the same or entirely different benefits? Am I entitled to both or just either if they are the same? I will be leaving by end of August or early September. Thanks in advance!

    ReplyDelete
    Replies
    1. Wait... what? It was explained during the PDOS and even during the three days stay at the training center before you were deployed to the company. Twejikum and Kookmin are two different benefits, and yes, you are entitled to both.

      Delete
  18. good day po..hingi po sna q advice about po s twejicom q po s cmpny.nkauwi n po q lst year nng nov.nktpos po aq ng 4years and 10mnths s isang cmpny n wlang realese.about po s mga seperation po nkuha q nmn po lhat except po s twejicom q po s cmpny'yung s cmputation po ng lst 3months n sweldo.b4 po q umuwi kinausap nmn ng tao s global s ansan si sajang n khit klahati mna kso wl dw po tlg pera c sajang nag promis nmn po c amo n ippdla nlng dw po pag nnd2 n q s pinas kso po until now hnd p bnbgay..pina follow up nmn po ng mga naiwan q ksmhang pinoy sa compny kso lagi sagot n amo wl dw po pera at paxenxia n..saan po kaya q pede lumapit pra makuha q pa yun..salamat po

    Godbless

    ReplyDelete
    Replies
    1. wow, this was two years ago, I hope your sajang paid what he owes you.

      Delete
  19. Good day ma'am/sir. Kailangan pba ng bank account sa pinas para makuha yung twejikum at kukmin? Or cash na po kukunin lahat sa incheon airport?

    ReplyDelete
    Replies
    1. if you decide to get it at the airport, you will get in a cold cash sa airport pa lang mismo.

      Delete
  20. mam ung amo ko ung kulang hindi niya binigay tama na daw un na hulugan sa samsung tejikum pag sinunod ko computation mo kulang siya ng 1.6 million dipende ba sa amo kung magbibigay siya o puede ko siya ireklamo sa labor may laban po ba ko nun salamat po

    ReplyDelete
    Replies
    1. no, you are entitled to get your full benefits. reklamo ka sa labor sir.

      Delete
  21. Mam tanung lng po magkaiba po ba yung kukmin at tuwegigum mam..

    ReplyDelete
  22. Can we get twejikum in busan (gimhae)airport or only in incheon airport ?

    ReplyDelete
  23. nakita ko lang sa fb group

    Mga kaEps,may bagong rules ba sa NPS ngayon na pag rehire hindi na makukuha ang kukmin?kasi uuwi na s march 8 yung kasama ko galing sya sa NPS kanina.ang sabi hindi nya makukuha yung kukmin nya kasi babalik pa daw xa.may naka experience ba ng ganto??thankx Admin..

    ReplyDelete
    Replies
    1. My husband told me .khit na sincire ka dw mkkha mu dpt ung mkkuha mo .bsta ntpos ung 1st contract mo .

      Delete
    2. No. you have the right to claim your benefits kahit sincere ka.

      Delete
  24. Hello hiw about po pg nsa pinas kana .may chance pba mkuha at paano po?

    ReplyDelete
    Replies
    1. Yes po. Check nyo sa poea website, may list doon ng unclaimed benefits

      Delete
    2. Good pm. Ano pong process kaya kapag nasa Pinas na? San po pupunta? Salamat.

      Delete
    3. usually, they will send it through the bank you endorsed during the process of claiming nung nasa Korea ka pa.

      Delete

  25. Good pm. Ano pong process kaya kapag nasa Pinas na? San po pupunta? Salamat.

    ReplyDelete
  26. Hello po. Ask ko lang po kung ilang percent ng twejikum ang ibibigay ng employer sa isang eps. 30% po ba.? Then 70% sa aming departure gurantee insurance?

    ReplyDelete
    Replies
    1. there's no really actual percentage. basta ang ibibigay lang ng amo is yong kulang sa monthly contribution na nilalaan nila for your kukmin. Whatever that amount is, it will be subtracted to the computation and they will give it to you.

      Delete
  27. is the bank open 24 hours,because i have to catch my flight at 10.35 a.m.do i have to reschedule my flight,mam?

    ReplyDelete
    Replies
    1. reschedule and make sure to get a night flight so you have ample time to process all throughout the day. Banks are open only until 7 PM

      Delete
  28. Kasama po ba sa computation ng tejikom yung o.t? At pano po kung lumagpas sa cut off ng company, pano po yung computation nun. Kasi 2 weeks po akong lumagpas ibig po ba sabibin na sa last 1 month ko di buo ang sahod ko at mahahatak nya yung 2 months ko na buo ang sahod?

    ReplyDelete
    Replies
    1. yes, iaadjust yong monthly count mo para maging exactly 3 months sya based on your last day of work. Yes, kasali po OT.

      Delete
  29. yung sa akin po 4 years and 10 months sa isang company. at hindi nagbigay ang amo ko ng twejikum. yung sa airport
    lang nakuha ko, samsung insurance. pwedi pa po bang makuha yung dapat ibigay na karagdagan ng sajang?

    ReplyDelete
    Replies
    1. icheck mo baka naisali sa last salary mo. Usually ganun po eh.

      Delete
  30. Open po ba ang woori bank Saturday..pag claim ko ng kukmin..thanks

    ReplyDelete
    Replies
    1. I don't think so. Get a flight that is scheduled at night at on weekedays

      Delete
  31. hi mam/sir tanung ko lang po about dun sa extension na 50days counted poba yun sa computation sa tejekum?

    ReplyDelete
    Replies
    1. I think not. Parang allowance na lang cguro yong last 50 days

      Delete
  32. hello po ask po about twejikum. yun kasi kasama namin dito sa company umuwi na nun december, ang nakuha lang nya na twejikum is yun sa airport. un po galing sa sajang hindi na binigay, may karapatan po ba ang sajang na hindi ibigay yun natirang twejikum? base po sa computation mga 20% pa un dapat ibigay ng sajang pano po san po kaya pwede magreklamo salamat po

    ReplyDelete
    Replies
    1. Yes sir. Pwede nyo po ireklamo sa migrants. Dapat kasali po yan as part of last salary

      Delete
  33. Makakakuha din po ba ng tejikun kahit kpop???

    ReplyDelete
    Replies
    1. alam ko po wala..pero depende naman po ya sa usapan nyo ng boss nyo

      Delete
  34. Good day po!

    Itatanong ko lang po tatapusin na po kasi namin yung 3yrs. Contract namin d2 sa company namin sa dec.18,2021. Pero hindi pa po kami uuwi lilipat lang po kami ng company kasi nakasama kami sa 1year visa extension.Ito po ang tanong ko pwede na po ba namin makuha o maprocess yung mga benefits namin gaya po ng twejikum, kukmin at samsung.

    Maraming salamat po in advance. Godbless po!

    ReplyDelete
    Replies
    1. sana po mapansin tong enquiry ko kc ganun din ang balak k ngaung 2022 maaavail ko po ung auto 1 year extension pero gsto k sa ibang company lumipat kc nahhirapan km dto sa trbaho namin sa kasalukuyan ano pong nangyari sa kulmim at twejikom nyo kung nklipat po kau ng ibang company?

      Delete

Post a Comment