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 »
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 »
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 »
To claim to Japan Pension Service (if conditions cleared) You need to clear the following conditions to claim Japanese old age pensions: Total period of the contributions for 10 years or more. If you contribute one or some of three pension systems in total for 10 years or more – Kosei Nenkin (Employees’ pension, for… Read More »
Persons residing in Japan – Tax withheld (Gensen Choshu) and need submitting tax returns for over 4 million yen’s pension income Japanese tax code regards pensions as incomes, so you need to pay an income tax from them. Persons who reside inside Japan are withheld their pension’s income taxes before receiving (Gensen Choshu). If your… Read More »
Government starts considering a plan to extend Japanese pension’s contribution period, but still not certain whether or not to get implemented The news like “contribution period of Japanese Kokumin Nenkin (National Pension) is to get extended by 5 years, to age 64” was reported (See the link below). According to it, Ministry of Health Labor… Read More »
From April 2022 Nenkin Techo is no more issued and JPS issues its alternative Japan Pension Service (JPS) had issued Nenkin Techo (年金手帳, Pension Handbook) to every member of Japanese pension systems, Kokumin Nenkin and Kosei Nenkin. However, from 2022 they don’t issue Nenkin Techo anymore, and instead they issue Kiso Nenkin Bango Tsuchisho (基礎年金番号通知書),… Read More »
Females born before April 1 of 1966 can receive part of Japanese pension before age 65 It is the basic rule that you can receive Japanese old age pension from the date of birth at age 65. However, females born before April 1 of 1966 can receive part of their Kosei Nenkin (employees’ pension insurance)… Read More »
You don’t need to submit a form while you reside in Japan If you have got a qualification of Japanese old age pension, then you can receive it, basically, at age 65 and after. You apply it to Japan Pension Service (日本年金機構, JPS), and after JPS accepts your application they will transfer it once in… Read More »