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Re: Employer pension scheme
Posted: Thu Jul 07, 2022 12:42 pm
by Deep Blue
Thanks guys. I didn't see any official documents on the kosei nenkin scheme yet (only found about it today) but you mention your wife will get a payout too? My wife doesn't work but does still keep up the contributions to her kokumin nenkin scheme. Is is a common feature of kosei nenkin schemes to pay out something to spouses too? Or I am mis-understanding that?
Re: Employer pension scheme
Posted: Thu Jul 07, 2022 12:55 pm
by Beaglehound
Deep Blue wrote: ↑Thu Jul 07, 2022 12:42 pm
Thanks guys. I didn't see any official documents on the kosei nenkin scheme yet (only found about it today) but you mention your wife will get a payout too? My wife doesn't work but does still keep up the contributions to her kokumin nenkin scheme. Is is a common feature of kosei nenkin schemes to pay out something to spouses too? Or I am mis-understanding that?
She will be covered as your dependent for both pension contributions (at kokumin nenkin levels) and health insurance. Which will be a big money saver for you as a couple. Make sure you tell the company she doesn’t work.
Re: Employer pension scheme
Posted: Thu Jul 07, 2022 1:25 pm
by Deep Blue
Currently she is covered on my NHI contributions - they are raucously expensive at almost 100,000 a month. I hoped I would pay less when joining the company scheme but looking at the figures its about the same level of contribution as I pay now.
Will be good to save her 16,000 a month kokumin nenkin contributions though I guess.
Really poor effort from our HR department utterly failing to communicate any of this......
Re: Employer pension scheme
Posted: Fri Jul 08, 2022 12:35 am
by beanhead
Deep Blue wrote: ↑Thu Jul 07, 2022 1:25 pm
Currently she is covered on my NHI contributions - they are raucously expensive at almost 100,000 a month. I hoped I would pay less when joining the company scheme but looking at the figures its about the same level of contribution as I pay now.
Will be good to save her 16,000 a month kokumin nenkin contributions though I guess.
Really poor effort from our HR department utterly failing to communicate any of this......
Info here is detailed:
https://retirewiki.jp/wiki/Japanese_pen ... n:_summary
Re: Employer pension scheme
Posted: Fri Jul 08, 2022 2:46 am
by Deep Blue
Thank you - I see that her kokumin nenkin contributions will be covered by my kosei nenkin scheme.