Today's post comes to you courtesy of "Kido Conseil"; http://www.kidoconseil.com.
For any labor & employment law issues, I would highly recommend contacting Ms. Emi KIDO on kido@kidoconseil.com. Thank you Emi-san for this great information.
Increase of the
Kosei Nenkin (Employees’ Pension) Insurance Rate
The premium rate
of the Kosei Nenkin Insurance increased from 16.412% to 16.766% (equally shared
between employer and employee: 8.383%) on September 1, 2012.
Minimum hourly
wage will be changed as follows from October 1, 2012
Tokyo: 850 JPY
Kanagawa: 849 JPY
Saitama: 771 JPY
Chiba: 756 JPY
Re-employment
system after the retirement age
All the employees
who request to continue working after their retirement age should be
re-employed up to 65 years of age as from April 1, 2013 due to a rise in
pension eligibility age.
The exception can
be made for those who are deemed to become incapable of pursuing their duties
because of physical or mental injury, etc. The guidelines will state the
details.
The transitional
measures can be provided in case where the re-employment agreement has been
already concluded.
Transitional
measures:
April 1, 2013 –
March 31, 2016
|
61 years of age
|
April 1, 2016 –
March 31, 2019
|
62
|
April 1, 2019 –
March 31, 2022
|
63
|
April 1, 2022 –
March 31, 2025
|
64
|
April 1, 2025
and thereafter
|
65
|
Exemption of
Health and Employees’ Pension Insurance premiums during Maternity
Leave
The employer and
the employee are exempt from paying the Health and Employees’ Pension Insurance
premiums during the Maternity Leave, as well as during the Childcare Leave. This will be
effective within 2 years from August 22, 2012.
Change of the
minimum period of Japanese pension coverage
The requirements
for a minimum period of Japanese pension coverage will be reduced to 10
years in lieu of 25 years. This will be effective as from October
2015.
Attention is required for filing an application of lump-sum withdrawal payments. Once the lump-sum withdrawal
payments are received, the total coverage periods will no longer be valid to
apply for other Japanese benefits.
Those who meet the
requirements of Social Security Agreement between the contracted countries and
Japan may be entitled to totalize the coverage periods and receive the
benefits.
The countries
totalizing the Japanese coverage periods:
Germany, U.S.A.,
Belgium, France, Canada, Australia, Netherlands, Czech, Spain, Ireland, Brazil
and Switzerland (as of August 31, 2012)
Countries under
negotiation: Hungry,
Luxembourg, India, Sweden and
China.
