Foreign Resident Symbiosis Promotion Team

Pension System

Employees’ Pension Insurance System

When to Apply for Compensation

  • If the Corporate Workplace and Private Workplace engaged in specified Industries where you are employed have hired at least 5 persons on a regular basis.

Details of the Compensation

  1. In case of disability ( Disability Pension ); ( In the event a disease or injury has been diagnosed by the doctor the day after enrolling into the Annuity Insurance System.)
  2. A pension is provided upon turning 65 years old ( Old-age Pension ); ( Pension benefits are paid from age 65 to persons who satisfy certain conditions, such as having paid the National Pension contributions for 25 years or more ) Amount of pension is about 800,000yen.
  3. In case of death ( Survivorfs Pension ); in the event of your death, the survivorfs pension will be paid to your bereaved family.
  4. In case of returning to home country ( Foreignerfs )during the period of coverage, you can get a withdrawal lump sum. ( Refer to Table-2 ) When Foreign Nationals on a short term stay in Japan who have been covered under the Employees Pension Insurance System for at least 6-months depart from Japan without receiving any pension benefits, they can receive lump-sum payments according to the length of the period of coverage. The lump-sum payments must be claimed within 2-years following their departure from Japan.

Expenses to Shoulder

  1. The company will shoulder 50% and the employee will shoulder the other 50% of the Welfare Annuity Insurance Premium.
  2. Worker’s share calculation formula.
        Wage * (149.96/1000)
  3. The workerfs spouse, whose earnings is less than 1,300,000yen / year, must join the National Pension System, but doesnft need to pay the premium for the National Pension System. Over 20 years of age is required to be able to join the National Pension System.

The National Pension Insurance

All registered residents of Japan aged 20 or over but under 60, including foreign residents, are required by law to enroll in the National Pension system and pay contributions. Public Pensions include not only Old-age Pension but also Disability Pension and Survivorfs Pension provided in case of encountering unexpected circumstances.

When to Apply for Compensation

  1. When you havenft joined the Employees’ Pension Insurance System.
  2. Family members who are aged 20 or over.

Details of the Compensation

Same with the Employees’ Pension Insurance System.

Expenses to Shoulder

  1. Individual has to pay the total amount of premium.
  2. The premium is 14,100yen/month.
  3. There is an exemption for the payment of the premium, in cases of lower wage or student. But in spite of not paying the premium, you can get disability pension.

POST：September 8, 2008