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Does Japan Have A Government Funded Pension Plan?

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Does Japan Have A Government Funded Pension Plan?

Postby Nichol » Thu Aug 10, 2017 5:23 pm

I need to know for a World Issues project.
Nichol
 
Posts: 42
Joined: Sun Jan 19, 2014 1:09 pm

Does Japan Have A Government Funded Pension Plan?

Postby Rockland » Sun Aug 13, 2017 10:53 am

Social Security in Japan

Health Insurance (kenko hoken)

There are two types of Health Insurance in Japan : Employees Health Insurance (kenko hoken) and National Health Insurance for self-employed (kokumin kenko hoken).

Most employers have the obligation to join the health insurance plan and pay the half of the montly contributions for their employees except for the part-time workers.

The calculation of amount of the contributions is based on the amount of your income.

When you are covered by the health insurance, you are charged to pay only 30% of the actual medical cost.

There are also other benefits such as "Benefits for High-cost Medical Care" (kogaku ryoyo-hi) which will reimburse all the medical expenses that exceed a certain amount (usually around 80,000 yen) within the same month.

Also if your yearly medical expenses exceed a certain amount (usually around 100,000 yen), you could have your income tax refund in some cases by declaring it (kakutei shinkoku) at the Tax Office.

Employees Health Insurance (kenko hoken) provides with "sickness and injury allowance" (syobyo teate-kin) that covers 60% of the amount of your salary when you are not paid due to medical treatment for sickness or injury.

You can also benefit from "maternity allowances" (shussan teate-kin, 60% of the amount of your salary) if you are not paid during your maternity leave.

Both Employees Health Insurance (kenko hoken) and National Health Insurance (kokumin kenko hoken) provide with "midwifery expenses" (shussan ikuji ichiji-kin, 350,000 yen) and "funeral expenses" (maisoryo/sosai-hi, minimum 50,000 yen).

Information sources on Health Insurance in Japan :

Social Insurance Agency

Tokyo Metropolitan Government

Pension system (nenkin)

There are alos two types of pension system in Japan : Employees Pension Insurance (kosei nenkin) and National Pension Insurance (kokumin nenkin).

Like Health Insurance, the employers must join the Pension Insurance and pay the half of the monthly contributions for their employees.

You are entitled to receive the benefits from 65 years old, after joining the pension system for more than 25 years.

Many foreigners don't join the Japanese pension system for more than 25 years, or live in Japan after 65 years of age. It is mandatory to join the pension system if you live in Japan for more than 1 year and pay for the monthly contributions.

It is however possible to have a part of the contributions refund once you leave Japan if you have joined for more than 6 months. This system is called Lump-sum Withdrawal Payments (dattai ichiji kin).

Japan already has International Social Security Agreements with Germany, UK, South Korea, United States, and will have such agreements with Belgium, France, Canada, Australia and Netherlands in the near future. If you come from one of these countries, you only need to join the social security system in either your own country or in Japan, in order to avoid the dual coverage/contribution.

For more information on this issue, please see the following websites :

Social Insurance Agengy - Employees Pension Insurance

Social Insurance Agency - National Pension Insurance

Social Insurance Agency - Interntional Social Security Agreement

Tokyo Metropolitan Government

Ministry of Health, Labour and Welfare

The Pension Insurance also provides with "Disability Allowance" (shogai kyufu) if you unfortunately come to have a certain degree of disability after joining the system.

In case the insured person dies, the Pension Insurance pays "Survivors Pension" (izoku nenkin) to his/her family members who have been financially dependent on the deseased person.
Rockland
 
Posts: 49
Joined: Thu Jan 02, 2014 3:44 pm


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