Enrollment in the employees' Pension Insurance is mandatory for salaried workers who are employed by recognized companies. Every employee under 65 enrolled in this plan is required regardless of nationality, sex, or individual preference.
Premium: The monthly pension premium is calculated by multiplying the subscriber's standard monthly salary, as reported by the employer, by a ration of 145/1,000. The employer and the employee both pay half. Your employer will deduct your half of the premium automatically and then pay the employer's half and your half.
Coverage: Like the employees' health insurance, the subscribers are entitled to receive an employees' pension, a disabled person's pension, and a bereaved person's pension, as long as they meet the necessary requirements. Pensions can be received by subscribers living outside of Japan as well.