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Pension System
Welfare Pension
National Pension
One-Time Pension Withdrawal Payments
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Pension System
The pension system exists to ensure the continued stability of life for elderly people who can no longer work. Pensions are payable to individuals who have paid at least 25 years’ worth of contributions, and who are over 65. (Pensions may be claimed early from 60 onwards.) There are two types of pensions: the welfare pension for employees, and the national pension for the self-employed and students, etc. Foreign nationals residents in Japan may also join the pension scheme.
However, special measures are required for people who are already enrolled in German, English, Korean, American or Belgian Pension systems due to certain agreements.
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