All persons between the ages of 20 and 60 living in Japan
are required to join the National Pension Plan. (Category 1 insured person)
In addition, company employees, civil servants,
and private school faculty and staff under the age of 70 are enrolled in the Employees' Pension Plan. (Category 2 insured persons)
The spouse of a Category 2 insured person, who is between 20 and 60 years old and is dependent on the spouse, is a Category 3 insured person.
If you are unable to pay your pension premiums, there are ways to reduce, exempt, or defer them.
Although the amount of future premiums will be reduced
according to the percentage of exemption,
it is possible to make additional payments within 10 years.
In the case of deferment,
additional payment can be made within 10 years.
If you do not follow the procedures,
you will be treated as delinquent and
you will receive a demand letter,
and if you still do not respond, your property may be seized.
In addition to the old-age pension,
there are three types of pensions: disability pension and survivor's pension.
If you have to live abroad
When a Japanese company sends an employee overseas,
the employee is covered by the Japanese employee pension plan,
but must also join the overseas pension plan, and so on,
depending on where the employee is assigned.
Therefore, in countries with social security agreements,
it is only necessary to make bilateral adjustments
and the enrollment periods will be totaled.
In the case of the National Pension Plan, membership is voluntary,
but in order to continue to make a lump-sum payment through iDeCo, National Pension Plan membership is mandatory,
and in the event of an emergency, you can receive a disability pension.