Has anyone had experience withdrawing their Japanese pension when leaving a job in Japan after JET?
At the end of this month I’ll be leaving JET to start a new job in Japan, and as I understand it my pension will be moved to my new company. If I leave Japan and withdraw my pension, will I get the all the pension I paid in on JET as well as what I paid on my new job?
Also, according to this site, the maximum amount you can receive has been increased to 5 years from 3 as of 2021. Can anyone confirm this?
https://www.nenkin.go.jp/international/japanese-system/withdrawalpayment/payment.files/A.pdf
1 comment
Your pension doesn’t move with your job per se. Your pension is your pension, and contributions can come in multiple forms.
The lump sum withdrawal is not the total that you paid in. Some people talk about it as a refund but it’s not actually a 100% refund. Yes, you can get the withdrawal lump sum based on 5 years of payments.
That means that if you’re working in Japan between 6 and 9 years, it’s a slight waste of money because those pension payments will evaporate. But if you get to 10 years then you can collect on your Japan pension when you retire, even if you’re living in another country at that time.