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Your place of work can enroll you in the Employees' Welfare Pension Insurance and after working for at least 25 years, you will receive pension you are entitled to.
Who is eligible: Regular employees of a company
Premium: The premium is determined according to the wage of the insured, and is split between the company and the insured.
Pension payments: The pension payment is added to any payment provided by the National Pension Insurance .
*Attainment of pension age: Elderly Pension (Rorei Kosei Nenkin)
*Disability: Disability Pension (Shogai Kosei Nenkin)
*Death of insured: Survivor's Pension (Izoku Kosei Nenkin)
Withdrawing from the Pension Program
Conditions, application procedures, and address are same as those for the National Pension Insurance.
However, a 20 percent income tax is imposed on the payment for the Employees' Pension Insurance. Claims for tax refunds can be made at the local tax office in the ward you resided in. Before leaving Japan, please submit a "notification of tax agent" (available at
your local tax office) and designate someone to act on your behalf.
Amount of lump-sum payment: The amount paid is the multiple of the standard monthly compensation (pre-determined according to the monthly wage) for the period the employee is enrolled in the Employees' Welfare Pension Insurance times the rate (which differs
with the length of enrollment).
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