I was recently at a pension center to clear some doubts, but my Japanese is still intermediate and I hope you can clarify one thing.
I was told that pension is mainly composed of the 厚生年金 and the 国民年金.
The time when I was a student shows up as ササササササ… on my pension record. That means that I did not pay pension because I applied for an exemption. So from the total 国民年金 that accumulates from 20 to 60 (40 years), the portion of those 40 years that appear as ササササササ is the portion I would not receive as 国民年金 pension allowance.
In my case, the missing months amount to about 700,000 JPY.
Is there a point to paying it now?
I understand I can just invest it on my own, but leaving that option aside hypothetically…
Will these 700,000 JPY be the same 700,000 JPY when I eventually get my pension? Or will they be more valuable, maybe because pension is actively increased by the government along with inflation or something?
The Pension Office employee told me a lot of Japanese and non-Japanese do not pay it back and that is okay too. So I am not sure if it is the right move.
Thank you!
3 comments
If you have a MyNumber card, or a password to login to your account on [Nenkin Net](https://www.nenkin.go.jp/n_net/), there is a calculator there that can estimate your future pension amount. If you don’t, you can request for one to be sent to you by post.
You can get it to do a simple calculation without back-payment, and a second calculation with. From there, you should have a better idea which would be the better choice for you.
It is deduced from your taxable income rate but from what I`ve been told your better off saving or investing the money…
There could be a point. It’s one way to diversity for retirement. But maybe other ways are better. But nobody knows for sure.