Under the pension system, the insured party pays premiums to receive remittances in the event that they become unable to work due to old age, disability or death, in order to support the livelihood of the insured and their family.
All residents of Japan aged between 20 and 59 are obliged to join this basic pension plan. Procedures are completed at the ward office (p. 36) (except for residents from countries exempted by the relevant treaty).
Premiums can be paid automatically using the account transfer systems provided by financial institutions, or directly at financial institutions or convenience stores.
For company employees, government employees and teachers, the employer performs the necessary procedures; such workers do not need to pay premiums individually.
In addition to the National Pension Plan that everyone is obliged to join, there are two other pension programs: the Employee’s Pension Program for those employed by companies, and the Mutual Aid Pension Program for public servants and teachers. The employer performs the necessary procedures, and premiums are withheld automatically from monthly salaries.
Pensions are paid to those aged 65 years or older, those who cannot work due to disability, and families of insured parties who have died. Payments are dependent on the fulfillment of fixed criteria including the length of time for which premiums have been paid.
Foreign nationals who belonged to the National Pension Plan/Employee’s Pension Program and paid premiums for six months or more can receive a lump-sum withdrawal payment provided that it is claimed within two years of returning to their homeland. For details, contact the relevant social insurance office.