National Pension (Japan)
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National Pension (Japan)
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 ...
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Pension
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plans' ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ...
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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 ...
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Social Welfare In Japan
Social welfare, assistance for the ill or otherwise disabled and the old, has long been provided in Japan by both the government and private companies. Beginning in the 1920s, the Japanese government enacted a series of welfare programs, based mainly on European models, to provide medical care and financial support. During the post-war period, a comprehensive system of social security was gradually established. The futures of health and welfare systems in Japan are being shaped by the rapid aging of the population. The mixture of public and private funding has created complex pension and insurance systems, meshing with Japanese traditional calls for support within the family and by the local community for welfare recipients. The Japanese welfare state Japan's welfare state has a non-typical conservative regime. Similar to other conservative countries, Japan has an occupational segmented social insurance system. Pre-war Japan once adopted a German-style social policy. Japan also ...
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National Health Insurance (Japan)
is one of the two major statutory types of insurance programs available in Japan. The other is . National Health insurance is designed for people who are not eligible to be members of any employment-based health insurance program. Although private insurance is also available, all Japanese citizens, permanent residents, and any non-Japanese residing in Japan with a visa lasting three months or longer are required to be enrolled in either National Health Insurance or Employees' Health Insurance. On July 9, 2012, the alien registration system was abolished and foreigners are now able to apply as part of the Basic Resident Registration System. Foreigners who reside in Japan for more than three months need to register for national health insurance. It is defined by the National Health Care Act of 1958. History Japan's first health insurance system was introduced in 1922. It took effect in 1927 to cover laborers, and in 1938 was extended to cover farmers also. The system originated fr ...
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Social Security Number
In the United States, a Social Security number (SSN) is a nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as . The number is issued to an individual by the Social Security Administration, an independent agency of the United States government. Although the original purpose for the number was for the Social Security Administration to track individuals, the Social Security number has become a ''de facto'' national identification number for taxation and other purposes. A Social Security number may be obtained by applying on Form SS-5, Application for a Social Security Number Card. History Social Security numbers were first issued by the Social Security Administration in November 1936 as part of the New Deal Social Security program. Within three months, 25 million numbers were issued. On November 24, 1936, 1,074 of the nation's 45,000 post offices were designated "typing ...
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Convenience Store
A convenience store, convenience shop, corner store or corner shop is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers and magazines. In some jurisdictions, convenience stores are licensed to sell alcoholic drinks, although many jurisdictions limit such beverages to those with relatively low alcohol content, like beer and wine. The stores may also offer money order and wire transfer services, along with the use of a fax, fax machine or photocopier for a small per-copy cost. Some also sell tickets or recharge smart cards, e.g. OPUS cards in Montreal. They differ from general stores and village shops in that they are not in a rural area, rural location and are used as a convenient supplement to larger stores. A convenience store may be part of a Filling station, gas/petrol station, so customers can purchase g ...
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Wire Transfer
Wire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office. Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost, value, and volume of transactions. Central bank wire transfer systems, such as the Federal Reserves Fedwire system in the United States, are more likely to be real-time gross settlement (RTGS) systems, as they provide the quickest availability of funds. This is because they post the gross (complete) entry against electronic accounts of the wire transfer system operator. Other systems, such as the Clearing House Interbank Payments System (CHIPS), provide net settlement on a periodic basis. More immediate settlement systems tend to process higher monetary value time-critical transactions, hav ...
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Demographics Of Japan
The demographics, demographic features of the population of Japan include population density, Ethnic group, ethnicity, education level, Population health, health of the populace, economic status, religious affiliations and other aspects regarding the population. Population Historical population According to the Statistical Bureau of Japan, the population of Japan as of May 2022 is at 125.05 million, including foreign residents. The population of only Japanese nationals was 123.8 million in January 2021. Japan was the world's List of countries by population, eleventh-most populous country as of 2017. The total population had declined by 0.8 percent from the time of the census five years previously, the first time it had declined since the 1945 census. Since 2010, Japan has experienced net population loss due to falling birth rates and minimal Immigration to Japan, immigration, despite having one of the highest life expectancy, life expectancies in the world, at 85.00 years ...
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JET Programme
The , or , is a Japanese government initiative that brings college (university) graduates—mostly native speakers of English—to Japan as Assistant Language Teachers (ALTs) and Sports Education Advisors (SEAs) in Japanese kindergartens, elementary, junior high and high schools, or as Coordinators for International Relations (CIRs) in local governments and boards of education. JET Programme participants are collectively called JETs. Participants currently come from a total of 40 countries. As of July 1, 2014, 4,476 participants (in CIR, ALT, and SEA positions) were employed on the programme, making it the world's largest exchange teaching programme. Of that number, about half are from the United States (2,457), with Canada (495), the United Kingdom (383), Australia (315), New Zealand (255), South Africa (93), and Ireland (86) making up the majority of JET participants. Holders of Japanese passports may participate in the programme, but must renounce their Japanese citizenship to d ...
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Fiscal Year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day ...
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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 ...
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