Keep final wages, unused-leave pay and retirement benefits separate, then check deductions, payment destinations and amounts already paid.
Use this guide after receiving the settlement
The resignation checklist covers preparation before leaving. Here, reconcile a received settlement with actual payment records. Gather the final payslip, leave accrual and usage ledger, previously paid leave allowances, retirement settlement, account records and withholding certificates. These may be separate documents.
The fictional amounts below assume the payment entitlements have already been verified. They do not calculate partial-month wages, leave entitlement, retirement pay or tax. Reference information, not legal or tax advice.
Separate three types of payment
| Payment | Records to check | What to reconcile |
|---|---|---|
| Final wages | Final payslip, contract and work records | Pay period, base pay, allowances, deductions and adjustments |
| Unused-leave pay | Leave ledger and allowance records | Eligible days, wage basis, previous payments and leave-use promotion |
| Retirement benefits | Applicable scheme, settlement and financial institution records | Gross amount, scheme-specific calculation, deductions, transfer or deposit |
If unused-leave pay is already included in the final payslip’s gross total, do not add it again. Check the retirement scheme and payment route separately from wage settlement.
Fictional settlement paid through two accounts
Assume final wages of KRW 3,000,000, eligible unused-leave pay of KRW 500,000, wage deductions of KRW 350,000 and retirement benefits of KRW 10,000,000. A full KRW 10,000,000 retirement-account transfer is separately confirmed. This example reconciles records; it does not calculate retirement tax or tax-deferral eligibility.
| Settlement item | Amount | Record to check |
|---|---|---|
| Final wages | KRW 3,000,000 | Wage payment item |
| Unused-leave pay | KRW 500,000 | Included in wage payment items |
| Gross wage total | KRW 3,500,000 | Sum of the two wage items |
| Wage deductions | KRW 350,000 | Itemized insurance, tax and adjustment basis |
| Salary-bank deposit | KRW 3,150,000 | 3,500,000 − 350,000 |
| Gross retirement benefits | KRW 10,000,000 | Separate retirement settlement |
| Retirement-account transfer | KRW 10,000,000 | Financial institution transfer confirmation |
Example · Reconcile gross amounts and destinations separately
- Gross wages: 3,000,000 + 500,000 = KRW 3,500,000.
- Salary-bank deposit: 3,500,000 − 350,000 = KRW 3,150,000.
- Compare retirement benefits with the separate KRW 10,000,000 account transfer.
- Do not compare the KRW 13,500,000 gross total with the salary-bank deposit alone.
- Track KRW 3,150,000 in the salary bank and KRW 10,000,000 transferred to the retirement account separately.
A retirement-account transfer and a later withdrawal are different transactions. This example does not mean all retirement payments transfer in full or are tax-free. Verify the scheme, transfer exceptions, tax treatment, fees and actual payment records. The wage deduction amount is given, not derived from official rates.
Four common double-counting mistakes
- Do not add a separately displayed leave allowance again if it is already included in gross wages.
- Do not count paid leave already used and an unused-leave allowance for the same days. Match accrual, usage and previous payments.
- A bonus or leave-pay amount included in the average-wage basis is not automatically a new allowance payable on top of retirement pay. Separate payment entitlement from the calculation basis.
- If previously paid wages or advances reappear, check whether they are an informational cumulative figure or a new payment. Request the basis for deductions rather than automatically accepting or rejecting them.
Check a suspected shortfall in this order
- Request a breakdown of gross amounts, deductions, previous payments and amounts still to be paid for each item.
- Match the pay period and destination. Check salary-bank deposits, retirement-account transfers and any separate or installment payments.
- For leave pay, verify days, wage basis, leave-use promotion, expiry and prior settlements. Use the retirement discrepancy guide for retirement calculation differences.
- Article 36 of the Labor Standards Act generally requires settlement within 14 days of the event triggering payment; special circumstances allow extension by agreement between the parties. Check the scheduled date and any agreement.
- If a shortfall remains after reconciliation, request the payment basis and correction. Confirm individual disputes with the relevant authority or a professional.
A request to send to payroll
“Please separate final wages, unused-leave pay and retirement benefits, showing gross amounts, deductions, previous payments, outstanding payments, scheduled dates and destination accounts. For leave pay, please confirm eligible days and whether it is included in the final payslip. For retirement benefits, please provide the financial institution transfer record.”
The resignation-date tool provides reference dates and remaining workdays, not the full settlement amount. Prepare the wage period, included wages and ordinary-wage inputs before using the severance calculator separately. You do not need to send identification numbers, account numbers or original settlement documents to korWork.