Hot Topics | |
---|---|
george wrote:I am a permanent resident in Japan and have been paying into the pension system for about 6/7 years now. If I continue paying until I'm 65 (another 30 years or so) will I be able to draw a pension?
gboothe wrote: Another point is that the money you have payed into national retirement systems in your home country (Aus, Belgium, China, France, Korea, UK, US, etc.) can also be counted interms of input funds and years paid. If your country has a treaty with Japan on social security, it is affective in both countries.
maraboutslim wrote:Wow. I had no idea. Thanks for telling us about that!
maraboutslim wrote:Wow. I had no idea. Thanks for telling us about that!
Taro Toporific wrote:To elaborate on what gboothe said, the US for the past 2 years has a new treaty with Japan on social security making your payments effective in both countries. For example, I've paid into Japanese social security system for 23+ years at the max level, and I just checked last week to find out I could be collecting US Social Security at about $1,700/month at retirement.
Big Booger wrote:Do you have to apply for this or is it automatic?
Taro Toporific wrote:Good question!
Well, at retirement you have to declare which country you plan to collect a pension. My Denver office was able to come up with an estimate when I gave them my paid-in Japanese Social Security total from my Japanese records. Damn, they didn't tell me anything about how to collect (since all I wanted was a ballpark estimate).
By the time Big Bogger escapes/retires from Japan, who knows what the procedure will be?
The fucktards at the US Embassy don't explicitly state what the procedure is, which is typical for those turds.![]()
http://tokyo.usembassy.gov/e/acs/tacs-fb-faq.html
http://tokyo.usembassy.gov/e/acs/tacs-fb-eligibility.html
If/when/before a f'd gaijin returns to America, you should call your local Social Security office and request an official "future benefits review". Since you are "out of the US system" this take months and having your Japanese Social Security records speeds up the process.
Once you get back into the US system by paying in, the Social Security Administration will send you an annual review.
Wait, wait... Damn, I just missed the SS lecture..
[INDENT]On February 20, 2004, the governments of Japan and the United States entered into a Social Security "totalization" agreement. The Agreement started in 2005 and serves two primary purposes:
1. Eliminate dual Social Security taxation that occurs when a worker from one country works in another country and is required to pay Social Security taxes to both countries on the same earnings. As a result of exisiting totalization agreements (with other countries), US workers and employers currently are saving about $800 million annually in foreign taxes that they do not have to pay.
2. Help fill gaps in benefit protection for workers who have divided their careers between the US and another country, but who have not worked long enough in one or both countries to qualify for Social Security benefits. With totalization, workers are allowed to combine work credits from both countries to qualify for Social Security benefits. the benefit amount paid is proportional to the amount of credits earned in the paying country.
The presentation will provide a brief overview of Japanese Social Security. We hope this event will provide useful information to Americans who have been working in Japan and paying into the Japanese Social Security system. The speakers will provide details and some examples of how benefits would be applied for a variety of different types of Americans in Japan (short-term residents, medium-term residents and long-term residents) and the extent of coverage the Americans can expect.
[/INDENT]
maraboutslim wrote:I only paid into the Japanese system for a year or so but have paid into the U.S. system for only about 12 years. The only problem is that now that I work for the State of California, I don't pay into u.s. social security anymore (since the state has its own pension system for employees).
Normally, persons who are not U.S. citizens may receive U.S. Social Security benefits while outside the United States only if they meet certain requirements. Under the agreement, however, if you are a U.S. or Japanese citizen, a refugee, a stateless person, or a person who is eligible for dependents or survivors benefits based on the Social Security record of one of these people, you may receive benefits as long as you reside in Japan.
Users browsing this forum: No registered users and 3 guests