You’ll need to include photocopies of the pages of your passport showing the date you left Japan, as well as proof of your residence status while you were in Japan ( so don’t throw away your Residence Card!). You’ll also need a document stamped by your receiving bank that shows its address and branch contact details, as well as your account name and number. You will have to include your original pension book along with your submission. If you’ve lived and worked in a lot of places, you might want to confirm all this before leaving Japan-especially if you’re considering throwing out old paperwork before you go! On the form, you will need to write all of your past addresses in Japan, as well as the names and addresses of all your employers, and the dates of your employment periods. There is an address label attached to the form. To receive a lump-sum nenkin payment, you need to fill in an Application of the Lump-sum Withdrawal Payments form (脱退一時金請求書・ Dattai Ichiji-kin Seikyu-sho) and submit it by post from your home country within two years of leaving Japan. And Japanese pensions can be received worldwide! You can either transfer your contribution credit to your home country, or you can wait until you reach at least 60 years of age to begin receiving your pension. However, if you live in Japan for 10 years or more, you cannot get any lump-sum payment at all-since you are, in fact, now eligible to receive a Japanese pension (see below). See the table here for details.įor contributions beyond the last three years and up to 10 years, you cannot get a lump sum, but you can apply to get those contributions applied to the pension plan in your home country.

Under the National Pension plan, on the other hand, the lump sum ranges from about ¥50,000 if you were covered from six to 11 months up to about ¥300,000 if you were covered for three years.

Note that your average salary is calculated over all the months you were covered by the plan, not just the last three years, and includes any bonuses you may have received. Under the Employees’ Pension Insurance plan, the lump sum is based on your average salary multiplied by anything from 0.5 if you were covered for six to 11 months, up to about 3 if you were covered for three years. With the national plan, you will receive a big, perforated bill in the mail, which you can pay in cash at banks, post offices and convenience stores just like any other bill. You can also enroll if you were born before April 1, 1965, and have not yet satisfied the 10-year minimum qualification period. While it’s mandatory up to age 59 for those not in the employee plan, you can also voluntarily enroll between the ages of 60 and 64. Also note that both you and your employer are exempted from contributions during maternity leave.įor the National Pension plan, from April 2018 to March 2019, the cost is ¥16,340 per month. Avoiding this co-payment is one reason why many employers aim to have staff work 29.5 or fewer hours per week.

But your company also matches each payment, giving you a total pension contribution of 18.3 percent of your salary. For the Employees’ Pension Insurance plan, as of 2018, a rate of 9.15 percent is automatically deducted from your salary monthly.

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