Japan Pension System Japan Tenders

Japan Pension System Japan tenders and business opportunities. Access latest Japan Pension System bids, market research and procurement analysis. Global tenders publishes domestic and international tenders, projects and contract awards for Japan Pension System and more than 500 tendering authorities from Japan.

The National Pension system, which is administered the Japan Pension Service, is the state pension program, and all registered residents aged 20 to 59, both Japanese citizens and legal foreign residents, are obliged to contribute to it. Contributions are deducted from employee paychecks, while the self-employed pay a set amount. The size of a pension is determined by the amount of contributions made into the system.Non-Japanese who had short periods of National Pension coverage may withdraw a lump sum from the system.The Japanese government maintains the Government Pension Investment Fund, which makes investments designed to ensure the stability of the system at minimal risk.

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