Event
2
The Pension System in Japan
Invited Speaker: Ms. Kaori Okuda on Japanese Pension System
April 18, 2015 on Saturday at 14:00 - 16:30
Topic / Theme:
Japanese Pension System
Speaker:
Ms. Kaori Okuda
Health & Sciences University of Hokkaido
Facilitator:
Venue:
Conference room, Sapporo International Plaza 3F
Venue:
Venue:
Language:
English
Price:
Free
Event Description
Ms. Okuda will share her knowledge of the Japanese pension system with us.
Summary
We were fortunate to have Ms. Kaori Okuda share her knowledge of the Japanese pension system with us in English. She presented on the legal requirements, upcoming changes, along with the pros and cons of joining various systems. Ms. Okuda recommends that everyone refer to the Japan Pension Service website for detailed information and also the the Private School Pension Website.
Answers to some questions asked can differ from country to country, according to International Agreements, and they are explained on the website. Agreements with other countries are also being worked out all the time.
Pension offices in Sapporo, in general, cannot cope adequately with non-Japanese speaking inquirers, therefore foreigners are encouraged to come with a native Japanese speaker. There are four offices in Sapporo. Locations of all offices are indicated on the website.
There was some discussion on Lump-sum Withdrawal Payments (exclusively for non-Japanese citizens) who pay into the Pension System while living and working in Japan, who then decide to return to their home country. You have two years to file for the payment. Details are available in a variety of languages from a website link provided at the bottom of this page.
Answers to some questions asked can differ from country to country, according to International Agreements, and they are explained on the website. Agreements with other countries are also being worked out all the time.
Pension offices in Sapporo, in general, cannot cope adequately with non-Japanese speaking inquirers, therefore foreigners are encouraged to come with a native Japanese speaker. There are four offices in Sapporo. Locations of all offices are indicated on the website.
There was some discussion on Lump-sum Withdrawal Payments (exclusively for non-Japanese citizens) who pay into the Pension System while living and working in Japan, who then decide to return to their home country. You have two years to file for the payment. Details are available in a variety of languages from a website link provided at the bottom of this page.
We were fortunate to have Ms. Kaori Okuda share her knowledge of the Japanese pension system with us in English. She presented on the legal requirements, upcoming changes, along with the pros and cons of joining various systems. Ms. Okuda recommends that everyone refer to the Japan Pension Service website for detailed information and also the the Private School Pension Website.
Answers to some questions asked can differ from country to country, according to International Agreements, and they are explained on the website. Agreements with other countries are also being worked out all the time.
Pension offices in Sapporo, in general, cannot cope adequately with non-Japanese speaking inquirers, therefore foreigners are encouraged to come with a native Japanese speaker. There are four offices in Sapporo. Locations of all offices are indicated on the website.
There was some discussion on Lump-sum Withdrawal Payments (exclusively for non-Japanese citizens) who pay into the Pension System while living and working in Japan, who then decide to return to their home country. You have two years to file for the payment. Details are available in a variety of languages from a website link provided at the bottom of this page.
Answers to some questions asked can differ from country to country, according to International Agreements, and they are explained on the website. Agreements with other countries are also being worked out all the time.
Pension offices in Sapporo, in general, cannot cope adequately with non-Japanese speaking inquirers, therefore foreigners are encouraged to come with a native Japanese speaker. There are four offices in Sapporo. Locations of all offices are indicated on the website.
There was some discussion on Lump-sum Withdrawal Payments (exclusively for non-Japanese citizens) who pay into the Pension System while living and working in Japan, who then decide to return to their home country. You have two years to file for the payment. Details are available in a variety of languages from a website link provided at the bottom of this page.
Update
On December 22, 2015 The Japan Times (English version) posted an article in answer to questions about the pension system which is worthwhile reading. See links below.
On April 24, 2016 another article was published regarding a lawsuit and future changes to the health insurance and pension benefits for those who are employed in Japan. It is well worthwhile reading this information as it affects the employer portion of premium payments for part-time employees. It also covers the future change for having to work only 10 years in order to become vested in the pension system.
See links below.
On April 24, 2016 another article was published regarding a lawsuit and future changes to the health insurance and pension benefits for those who are employed in Japan. It is well worthwhile reading this information as it affects the employer portion of premium payments for part-time employees. It also covers the future change for having to work only 10 years in order to become vested in the pension system.
See links below.
Member Reports
Useful Related Web Links
The Japan Pension Service website
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Private School Pension PMAC (Well organized website for more detailed information in English.)
Lump-sum Withdrawal Payments
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Update: Reader's Pension Questions (The Japan Times Article)
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Update 2: Shakai-hoken changes (The Japan Times Article)
Documents for Viewing and Downloading
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