The amount of lump-sum pension refund is decided by how much you contributed in the past In recent years Japanese economy has faced an inflation of prices. For Japanese old age pensions there is a system of indexation (called “price slide (物価スライド)”), through that payments of old age pensions will be adjusted following price rises.… Read More »
The latest proposal for 2025 pension systems reforms In July 2024 the council for social securities in Ministry of Health Labor and Welfare (厚生労働省) published their research for the expectation of future Japanese pension funds. It will be the foundation of the Ministry’s proposal to Japanese Diet, that is scheduled to discuss and pass a… Read More »
You can designate oversea bank account of almost all countries to receive Japanese lump-sum pension refund To receive your lump-sum pension refund (Lump-sum Withdrawal Payments), you can designate any of your bank accounts in almost all countries: But you need to designate an account whose holder is, at least one of them, yourself. You cannot… Read More »
The amount of Kosei Nenkin’s lump-sum pension refund varies much compared with that of Kokumin Nenkin You can claim a lump-sum pension refund (Lump-sum Withdrawal Payments) if you clear the following conditions: You don’t have Japanese citizenship You contribute Japanese pensions for more than 6 months You are covered by Japanese pensions for less than… Read More »
2025’s pension systems reforms Every 5 years Japanese government reforms its pension systems in accordance with developments of its society and economy. The next reforms will come in year 2025. Ministry of Health, Labor and Welfare (厚生労働省) has already submitted its own 2025 reforms plan. It will be discussed at Japanese Diets (国会) throughout year… Read More »
If you contribute a pension after April 2021 you will acquire max. 5 year’s payback From April 2021 the maximum year of Japanese pension refund (Lump-sum Withdrawal Payments) has got longer, from 3 years to 5 years. If you contribute one of Japanese pensions (Kokumin Nenkin / Kosei Nenkin / Kyosai Kumiai) (*) for more… Read More »
You need to claim your pension refund within 2 years after losing Japanese address Non-Japanese persons are permitted to claim their pension refunds (Lump-sum Withdrawal Payments) within 2 years after “you do not have an address in Japan”. In Japanese resident registration system all residents who are going to move out of Japan shall submit… Read More »
Category III insured persons can get a qualification of old age pension without paying contributions (Note: This is a renewal of our past article in 2021, with adding the latest developments) Dependent spouses whose partner is enrolled in Kosei Nenkin (employees’ pension) or Kyosai Kumiai (pension scheme for public servants and teachers) are called “Category… Read More »
You can claim Lump-sum Withdrawal Payments with keeping your PR visa Non-Japanese people can claim Japanese pension’s Lump-sum Withdrawal Payments (pension refund). Even PR holders (Eijusha, 永住者 in Japanese) can do. But PR holders have an additional condition to claim Lump-sum Withdrawal Payments, that is shown on the table below. The aim of this condition… Read More »
Documents to verify applicant’s bank account to claim Lump-sum Withdrawal Payments or old age pensions To claim (1) pension’s Lump-sum Withdrawal Payments or (2) old age pensions you need to submit a claim form with information of the bank account to receive payments. With the claim form you need to attach a document to verify… Read More »