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Pensions In Japan
Pensions in Japan comprise the National Pension system run by the government, and a series of voluntary private pension plans. National pension The National Pension system, which is administered the Japan Pension Service, is the state pension program, and all registered residents aged 20 to 59, both Japanese citizens and legal foreign residents, are obliged to contribute to it. Contributions are deducted from employee paychecks, while the self-employed pay a set amount. The size of a pension is determined by the amount of contributions made into the system. Non-Japanese who had short periods of National Pension coverage may withdraw a lump sum from the system.https://www.nenkin.go.jp/international/english/lumpsum/lumpsum.html The Japanese government maintains the Government Pension Investment Fund , or GPIF, is an incorporated administrative agency (an independent administrative institution), established by the Japanese government. It is the largest pool of retirement savi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Pension
The Japanese national pension is a pension system that all registered residents of Japan, both Japanese and foreign, are required to enroll in. Since January 1, 2010 it has been managed by the Japan Pension Service. History In 1942 the Workers Pension Insurance Act was enacted, and in 1944 the name was changed to Employees' Pension Insurance Act. It was amended substantially in 1954, and in 1961 the National Pension Act created universal pension coverage for residents of Japan. Types of members (This is also described under Social Welfare in Japan) *Category 1 – All registered residents of Japan who are aged between 20 and 60 years old, but do not fit into either category 2 or 3 (i.e. typically the unemployed, self-employed, or employees of very small companies). People in this category should go to the National Pension counter at their local municipal office. (People in this category are enrolled in the national health insurance scheme). *Category 2 – Workers who are enrolle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan Pension Service
The is a Government organization administered by the Ministry of Health, Labour and Welfare. On January 1, 2010, it replaced the Social Insurance Agency.International Social Security Association websitEstablishment of the "Japan Pension Service"Retrieved on November 24th 2010 Organization It is a special public corporation with a non-governmental employees headquarters, nine regional headquarters, and 312 branch offices. It has 47 processing centers, which are planned to be integrated into the 9 regional headquarters. The President of the JPS is Toichiro Mizushima, and it has around 27,000 total staff, 15,000 full-time staff and 12,000 temporary workers.Japan Pension Service websitEnglish information Retrieved on November 24th 2010 Responsibilities The JPS is responsible for managing all tasks related to the public pension system: * Handling applications * Collecting contributions * Keeping records * Pension consultations * Paying benefits Pension records problem The Social Insu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Pension Investment Fund
, or GPIF, is an incorporated administrative agency (an independent administrative institution), established by the Japanese government. It is the largest pool of retirement savings in the world. Japan's GPIF is the largest public fund investor in Japan by assets and is a major proponent of the Stewardship Principles. Profile The Government Pension Investment Fund (GPIF) states that it has been established on the following investment principles: *The overarching goal should be achieve the investment returns required for the public pension system with minimal risks, solely for the benefit of pension recipients from a long-term perspective, thereby contributing to the stability of the system. *The primary investment strategy should be diversification by asset class, region, and timeframe. While acknowledging fluctuations of market prices in the short term, we shall achieve investment returns in a more stable and efficient manner by taking advantage of our long-term investment hori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
