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General Topics Concerning Long-Term Benefits

Rounding of Fractions

If the amount of long-term benefit has fractions under 50 yen, it is omitted. If the fractions are between 50 and 99, it is rounded up to 100 yen.

Pension payment day

Pensions are paid every year on the 15th day of February, April, June, August, October, and December for the previous two months.
The payment of pensions starts from the following month of the date payment becomes due, and continues until the month entitlement to the benefit ends.

Note: When the day of payment falls on a Saturday, Sunday or a holiday, payment is made on the business day directly before that day.

Tax levied on pensions

The Retirement Mutual Aid Pension for domestic residents is subject to the Income Tax Law (miscellaneous income), with taxes levied on a pension amount exceeding 1,080,000 yen in the case of an individual under 65 years old, and on an amount exceeding 1,580,000 yen (800, 000 yen in the case of Old-age Basic Pensions) when the individual is 65 years old or older. For this reason, the Tax Return Form For Dependents Of Public Pension Recipients is sent automatically to members and should be filled out and submitted without fail, if you plan to receive tax deductions, irrespective of whether there is a qualified spouse or dependent for deduction or not.

Refund of Retirement LumpSum Payment

An individual who in the past has received a Retirement LumpSum Payment, will have to repay that amount, if he/she starts receiving Retirement Mutual Aid Pensions or Disability Mutual Aid Pensions. Furthermore, if a person who in the past has received a Retirement Lump Sum Payment dies, and his survivors are awarded Survivor’s Mutual Aid Pension they must repay the amount of the Retirement Lump Sum Payment plus any interest which has accrued, provided that the period on the basis of which the lump sum was paid is the same as the period on the basis of which pensions are calculated.
The interest rate used in determining the amount to be repaid is shown in the chart.

Interest rate corresponding to each period

Where to apply for basic pension benefits

The Basic Pension benefits are awarded by the National Pension Plan; the Japan Pension Service is responsible for the decisions and payments concerning the Basic Pension.
However, please keep in mind that the place where claims are submitted will differ depending on the individual’s enrollment history and background.

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