Everyone with a residence in Japan over the age of 20 or below the age of 60 must, in principle, enter the public pension system. Employees hired by applicable enterprises join the Employees’ Pension and public service workers join Mutual Aid Associations. All others must join the National Pension. Application procedures for the National Pension must be carried out at the Health Insurance and Pension Division of your ward or branch office. Benefits Under the National Pension system, there are the Basic Pension for the Elderly, for the Disabled and for Bereaved Families. As a rule, the Basic Pension for the Elderly is provided for persons aged 65 and above whose premium payments span a 25-year or longer period of time (including periods in which they were exempt). Foreigners who have paid the pension premiums but will not be able to receive this pension can withdraw from the system and receive a Lump-sum Withdrawal Payment when they leave Japan. Lump-sum Withdrawal Payments In Japan, those foreign residents who paid into the Japanese National Pension Fund, and who meet the following criteria, are eligible to receive a Lump-sum Withdrawal Payment after making a request within 2 years of leaving Japan. Not a citizen of Japan Have paid at least 6 months worth of National Pension premiums Not have an address in Japan Never been entitled to receive a Japanese National Pension (including disability pensions) Lump-sum amount: The refund will be based on the amount paid into the National Pension Fund (e.g., if you paid into the National Pension Fund for 24 months, you would be reimbursed 175,920 yen.) To submit a request for reimbursement, send all of the following documents to the address below: A completed Lump-sum Withdrawal Payment Request Form (available at the Health Insurance & Pension Division of your local ward office or branch office of the Japan Pension Service), pension handbook, passport (copy of the page(s) which identifies the date you left Japan, full name, and date of birth), bank name and account number to be used for reimbursement by bank transfer. Mailing address: Japan Pension Service, 3-5-24, Takaido-Nishi, Suginami-ku, Tokyo 168-0071 (TEL 03-5843-9318) (for overseas disbursements) Pension Premiums All persons covered by the National Pension must pay the premiums. There are two types of premiums. One is the flat-rate premium, where an identical rate is used for everyone. The other is an additional premium, which is an amount paid in excess of the obligatory premium according to the wishes of the insured. There is a pension premium exemption system in place for cases in which paying a premium is difficult due to economic reasons such as low income.
Posted on: Sat, 06 Jul 2013 14:18:17 +0000
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