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17-Apr-08 11:15 [Asia Pacific]
Pension premiums in Japan to be returned National pension premiums in Japan are to be returned to people who carried on paying after the enrolment period of 40 years had elapsed, it has been announced.
The Health, Labor and Welfare Ministry has announced that due to changes in operational procedures, refunds will now be possible.
People who were signed up to the national pension voluntary enrolment programme, which was aimed at people aged between 60 and 64, are covered by the policy.
In Japan in order to receive the full basic pension of 66,000 yen a month, people must pay premiums for 40 years.
The ministry has said that it is not certain how many people have actually paid the extra premium payments and will therefore be looking into the matter further to try and establish this.
Created from two ministries merging, the Ministry of Health, Labour and Welfare in Japan is one of the cabinet level ministries in the government.
National pension premiums in Japan are to be returned to people who carried on paying after the enrolment period of 40 years had elapsed, it has been announced.
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