Japan: Retirement, Superannuation & Pensions

Japan's public pension system requires mandatory enrollment for all residents aged 20 to under 60, including foreign nationals, with contributions split equally between employers and employees. While supplementary corporate pension plans are voluntary, employers must navigate strict legal requirements when establishing or amending them. Understanding the interplay between statutory obligations, voluntary pension options, and the tax treatment of contributions and benefits is essential for compliant workforc

On October 12, 2012, in response to the recent AIJ scandal, the Financial Services Agency of Japan (the "Japanese FSA") published a draft amendment to certain rules.