Pension LUMP SUM Withdrawal Payments(Nenkin)


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How is the amount of Lump-sum Withdrawal Payment (Nenkin) calculated?

The amount to be paid is calculated and increases on a 6-month basis up to a maximum of 12 periods or 60 months (5years). Any payment made after the 60th month is to be excluded.
Therefore, the amount to be received will be the same whether one is enrolled in the system for 5 years or 9 years.
※ This new rule has been applied since April 2021.

｢ From the homepage of the Japan Pension Service on Short-term Resident Foreigner Withdrawal Lump-sum Grant ｣

① In case of National Pension

Starting April 2021, For members whose final payment of insurance premium is due after April 3rd of year 2021, the amount of lump-sum withdrawal payment will be calculated according to the year in which the last month of payment of insurance premium belongs and the periods for which insurance premiums have been paid.
※ For those whose final payment of insurance premium is due before March 2021, the amount of lump-sum withdrawal payment is calculated up to a maximum of 36 months (3 years) as in past calculations.

[ Calculation Formula for Lump Sum Withdrawal Payment ]
The amount of insurance premiums for the year to which the last month of payment of insurance premiums belongs x 1/2 x the number used to calculate the amount of lump-sum withdrawal payment. (See table)

Accordingly, the highest number used for payment calculation is 60 corresponding to 60 months equivalent to 5 years of insurance premium payments. The number used for payment calculation corresponds to the number of months of insurance premium payments within a given payment period, as shown in the table below.

When the last month of payment of insurance premiums is from April 2021  to March 2022:

Total Coverage Period (months) Number used to calculate
the amount of payment		 Payment Amount
（year 2021）
6 months to less than 12 months 6 49,830円
12 months to less than 18 months 12 99,660円
18 months to less than 24 months 18 149,490円
24 months to less than 30 months 24 199,320円
30 months to less than 36 months 30 249,150円
36 months to less than 42 months 36 298,980円
42 months to less than 48 months 42 348,810円
48 months to less than 54 months 48 398,640円
54 months to less than 60 months 54 448,470円
60 months and more 60 498,300円


② In case of Employees' Pension Insurance

Starting April 2021, members whose final payment ( the month before the month to which the day of disqualification belongs) is April or after, the amount of lump-sum withdrawal payment is calculated up to a maximum of 12 periods or 60 months.
※ But for those whose final payment of insurance premium is due before March 2021, the amount of lump-sum withdrawal payment will be calculated up to a maximum of 36 months (3 years) as in past calculations.

[ Calculation Formula for Lump Sum Withdrawal Payment ]
(1)Average Standard Renumeration Amount for the period of being insured x (2) Payment Rate (insurance premium rate x 1/2 x number used to calculate the amount of payment)

(1) The Average Standard Renumeration Amount during the insured period is the sum of the following A and B divided by the total number of months of the insured period.
A: The amount obtained by multiplying the standard monthly salary for the insured period before April 2003 by 1.3
B: The sum of the standard monthly salary and standard bonus for the insured period after April 2003

(2) The Payment Rate is the rate obtained by multiplying the insurance premium rate in October of the previous year to which the final month (the month before the month to which the disqualification date belongs,) (but if the final month is between January to August, the insurance premium rate for October of the year before last will apply by one half), then multiplied by the number in the table below with reference to the insurance coverage.

When the last month of the insured period is after April 2021 :

Insurance Coverage Period (months) Number used to calculate
the amount of payment		 Payment Rate
6 months to less than 12 months 6 0.5
12 months to less than 18 months 12 1.1
18 months to less than 24 months 18 1.6
24 months to less than 30 months 24 2.2
30 months to less than 36 months 30 2.7
36 months to less than 42 months 36 3.3
42 months to less than 48 months 42 3.8
48 months to less than 54 months 48 4.4
54 months to less than 60 months 54 4.9
60 months and more 60 5.5

For more information

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