Notice about the health insurance and retirement systems

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(This is a notice to everyone who works at a company)

The insurance rates (hokenryo – 保険料) that we pay for health insurance and retirement insurance are determined by the value of monthly salaries and other remuneration (as a general rule, the higher the value of salary and other remuneration, the higher the amount we have to pay).

In general, the insurance rates (the amount we have to pay) are determined by the value of the remuneration of these three months which is April, May and June.

*The monthly average of the three months of April, May and June determines the value.

However, if certain conditions are met, the system allows the insurance  rates (the amount we have to pay) to be determined by the average monthly earnings throughout the year.

* The value is determined by the average monthly salary from July of the previous year to June of the current year.

Anyone who wants to use this system should consult the company they work for.

[Reference] Japan Retirement Service website (Nihon Nenkin Kiko – 日本年金機構), in Japanese langauage only.

https://www.nenkin.go.jp/service/kounen/todokesho/hoshu/20141002.html