Retirement money and change country timing.

Hello,
I am sorry I know this as been asked many times, but with a lot of different angles, so I wanted to make a new thread with a few question of my own. Also, the below might be very very wrong. So just read the question might be better than reading my assumptions.

I am currently living in Japan since 2016. I started my first Arubaito in 2017 in a restaurant yen (~90,000yen/month) and i kept working till today as software dev (500,000yen/month

So technically, i worked here for about 6 years with an average of i would say 300,000y/month.

Now from what I very quickly calculated this would mean around 2,000,000yen of Nenkin put aside (might be way off but it’s just as rought exemple).

I am still unsure if remaining in Japan, or not, and I heard/read the nenkin is “refundable” under a certain amount of year (i believe 5) but lost over a certain amount (so over 5). But in the case you become PR, you are eligible to get the pension once you retire like a normal citizen.

My question are

– is it correct that over 5 year of “cotisation” the amount i would get but leaving the country would not include additional years ?
– if the above is correct, how is it calculated, is it the 5 most recent, or 5 first year ?
– assuming you would want to leave the country, basically you should leave either tin the first 5 years or after obtaining a PR?
– how does it work after obtaining PR but eventually working in another country other than Japan (but maintain the PR by coming in Japan for remote work often)

5 comments
  1. The upper limit of what can get back is maybe 200k. I would not plan your exit strategy based on that small amount of money. If you plan to return and can get PR, get PR.

  2. /r/japanfinance

    afaik, you don’t need to be a PR to get pension? you just need 10 years of contribution.

    and if your country has a totalization agreement, you can have 5 years of contribution here, and 5 years of contribution in italy…

  3. If you choose the payout what you get back is a joke compared to what you paid. If you are close to 10 years of contributions it might make sense to do the full ten years. Then you can move and later draw a pension from Japan.

  4. Careful.You won’t survive with Japan pension unless you contribute a LOT!It was even on the news the other day interviewing a bunch of elderly people and asking how much they get per month… Mostly were working in their 80s and were only getting paid around 50,000 ~ 70,000 per month…

    There was only 1 person that got like 180,000 a month but his salary was 1,300,000 per month.

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