Divide my august (bimonthly) payment by 2, and I'm getting ~¥162,000/month. That's after kaigo hoken is deducted from it (and I have some other income so I'm at a higher rate for that). Add social security of about ¥53,000 for a total of ¥215,000/month. With the extra income added to that I certainly do pay taxes, but pensions do cover the bills and most of ordinary life. I'll be 73 next month, and still have a chunk of taishokukin left (40%?), and so far have only lightly touched my investments.beanhead wrote: ↑Fri Nov 01, 2024 1:54 am...
Isn't the answer that most of them don't? Kosei nenkin is much more than that, so for the average salaryman they will get more like 150,000 - 200,000 per month. Plus, if married, their wife may pick up the 'free' kokumin nenkin as well, for that 700,000 or so a year extra.
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Of course it helps that my wife always worked and she gets her own pensions--she worked longer and so gets a little more than I do (if I leave off the social security). She also got taishokukin, saved money, and still works a little tutoring online. Not yet, but one of these days I'll get her signed up for social security, not on her own but there's a spousal benefit (no idea how much that'll be, maybe 1/3 of mine?). If I die first there's also a social security survivor's benefit (again, not sure what that would be, and not sure she'd want to deal with it).
I realize this isn't (or may not be) the typical case for a retired couple here. This is just an instance of how it works for someone in a certain niche.