TOEJIGEUM Computation (Detailed Example)...

by ARThas on Fri Nov 21, 2008 6:18 pm

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,
In that case you can use equation by cross multiplication to get the equivalent number of days for 2-years and 11-months of working period. Please refer below...

For example:
1) Juan have worked in a company from January 2005 to November 2008. His last 3-months
GROSS SALARY are as follow...

• September (30 Calendar Days) ~ 1,200,000 KRW
  
• October (31 Calendar Days) ~ 1,100,000 KRW
  
• November (30 Calendar Days) ~ 1,300,000 KRW

2) Get the average ~ [1,200,000 + 1,100,000 + 1,300,000] / [30+31+30] = 39,560 won

3) Get the equivalent number of days for 2-years and 11-months of working period...
Note: Retirement allowance or "toejigeum" is paid in the amount of average wages of 30-days for working period of one year. So, 1-year or 12months is equivalent to 30days. 2-years is equivalent to 60-days. How about the 11-months for his 3rd year working period?

Solution:
Let X = equivalent days for 11-months
a) So, 12months/30days = 11months/X
b) By cross multiplication, 12months(X) = 11months(30days)
c) X = 27.5

4) Retirement Allowance or "toejigeum" = 39,560 won x [30days(1st year) + 30days(2nd year) + 27.5(11months)

5) So, your total retirement allowance or "toejigeum" is 3,461,500won.

Note:
1) Samsung Fire & Marine Insurance Company shall only pay your "toejigeum" base on your basic salary computation. So, the excess amount due to overtimes must be paid by your employer. How to determine? Just deduct the Samsung payment to the computation result based on the above formula.
2) There must be also tax deduction for the "toejigeum" paid by both Samsung and your employer. But the deduction must not be so big. Please click HERE for sample computation...


Hope this is already clear to you. Thanks.

sir pano po ba ang computation ng toejigeum pag halimbawa end contract namin is september 10 2009,so ibig bang sabihin nun ang computation ng toejigeum namin ay mag start ng july august at sept na po ba?eh ang araw po ng sept na pasok namin ay 10days lang po,,please help us clarify this,,thank you very much

salamat po sa reply,,ibig po bang sabihin nun,ang computation namin ay ganito po ba?sa july 30days sa august 30days at sa sept 10days lng kasi yan ang date uwi namin,so ibig sabihin 70days lng ang magiging computation namin,ganun po ba?

magandang araw po sir, tanong ko lang po, yung samsung po ba at yung tae ji kum ay pareho lang, kasi nung umuwi po ako nabigyan po ako ng 3.5M pero naka address po yun sa samsung at 3.5M sa kukmin, tama lang po ba ang natanggap ko?

sir,fixed salary po kami then pumayag kaming ibawas sa sahod ang toejiguem dahil may 13 month pay daw kami pero sa ngaun tinabla po yan,may karapatan po ba kami na ipaglaban after our contract?ang paliwanag nu po ang makakaliwanag sa aming kaisipan, maraming salamat po MABUHAY SULYAP PINOY!

sir, ask ko lng po. if even n 5 yrs nmn po ang stay ko d2 sa company....ibig po bang sabihin ang ga2mitin ko nmn ay last 5 months na gross salary ko?

tanong lang po. umuwi po ako noong nov 2009 pero ang nakuha ko lang ay yung return cost insurance at kukmin. nagtrabaho ako since feb 2005 since may personal na problema bigla na kong umuwi. yung kasama ko umuwi din after few months at mahigit 5million daw nakuha nya sa samsung. wala akong kumpirmasyon dahil di ko na alam kung nasaan sya. If ever, pwede ko pa bang makuha yung departure guarantee insurance? sana po mabigyan nyo ko ng advice dito. thanks.

helo po..maitanong kolang po tungkul sa bagong batas na pd na straight 5 years ung hnd pa na ka exit after 3 years..ako po ay mg 3 years na this coming august 6 at this year at wla akong plano mgbakasyon..ano po ba ang tamang proseso dhil nblitaan ko kc na meron na daw naging tnt dhil late na daw ung application nang employeer doon sa labor at hnd na daw tinatanggap sa labor ung application dhil kapus na daw sa oras...gaano po ito ka totoo 2 mnonhs nalang po mg 3years na ako aukorin po na maging tnt ako na wla sa oras..tulungan mo po ako kung ano ang dapat kung gawin..mrming slmt po..GODBLESS PO.

arielkr wrote:thank you rin po atleast nakararating sa kaalaman namin ang ganitong mga bagay! God Bless po sa inyo!

to sir dave,
gusto ko lang sana hingin ang payo mo...nagbase kc ako s computation
n binigay mo regarding s tejicom and i found out n kulang ang nkuha ko,
but my problem is nakauwi nko ng pinas at nakabalik n d2 at s katunayan
patapos n din ang last sojourn ko ma possibility p po bang mahabol ko ang
kakulangan ng natanggap kong tejicom on my 1st sojourn if dadalhin ko sa
labor ang problema ko?
kasi ng ginaya ko ang computation s taas lumalabas n dapat 3.9M ang
mkukuha kong tejicom eh ang nkuha ko lng is 1.7M...

dave wrote:

by ARThas on Fri Nov 21, 2008 6:18 pm

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,
In that case you can use equation by cross multiplication to get the equivalent number of days for 2-years and 11-months of working period. Please refer below...

For example:
1) Juan have worked in a company from January 2005 to November 2008. His last 3-months
GROSS SALARY are as follow...

• September (30 Calendar Days) ~ 1,200,000 KRW
  
• October (31 Calendar Days) ~ 1,100,000 KRW
  
• November (30 Calendar Days) ~ 1,300,000 KRW

2) Get the average ~ [1,200,000 + 1,100,000 + 1,300,000] / [30+31+30] = 39,560 won

3) Get the equivalent number of days for 2-years and 11-months of working period...
Note: Retirement allowance or "toejigeum" is paid in the amount of average wages of 30-days for working period of one year. So, 1-year or 12months is equivalent to 30days. 2-years is equivalent to 60-days. How about the 11-months for his 3rd year working period?

Solution:
Let X = equivalent days for 11-months
a) So, 12months/30days = 11months/X
b) By cross multiplication, 12months(X) = 11months(30days)
c) X = 27.5

4) Retirement Allowance or "toejigeum" = 39,560 won x [30days(1st year) + 30days(2nd year) + 27.5(11months)

5) So, your total retirement allowance or "toejigeum" is 3,461,500won.

Note:
1) Samsung Fire & Marine Insurance Company shall only pay your "toejigeum" base on your basic salary computation. So, the excess amount due to overtimes must be paid by your employer. How to determine? Just deduct the Samsung payment to the computation result based on the above formula.
2) There must be also tax deduction for the "toejigeum" paid by both Samsung and your employer. But the deduction must not be so big. Please click HERE for sample computation...


Hope this is already clear to you. Thanks.