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2.2 Withholding of social security

Commentary

2.2.1 Employee's pension insurance (EPI) | Japan

Japan

Japan requires employees and their employers to insure against the risk of various life events through separate insurance systems, rather than one unified insurance contribution. The different social insurance schemes are:

  1. Ìý

    •ÌýÌýÌýÌý pension insurance

  2. Ìý

    •ÌýÌýÌýÌý health insurance

  3. Ìý

    •ÌýÌýÌýÌý employment insurance

  4. Ìý

    •ÌýÌýÌýÌý worker's accident compensation

  5. Ìý

    •ÌýÌýÌýÌý child benefit contributions

The various social schemes lead to the potential payment of the following benefits:

SchemeCoverage provided
Employee's pension insurance (EPI)Provides benefits for old age, disability, and death. See 2.2.1.
Employee's health insurance (EHI)70% of medical expenses covered by insurance. Additional nursing care insurance required for employees of age 40 to 64 years. See 2.2.2.
Employment insuranceFinancial aid for unemployment, childcare leave and benefits for the elderly. See 2.2.3.
Worker's accident compensation insuranceMedical expenses, disability, or death arising from work or commuting to and from work. See 2.2.4.
Child benefits contributionChild benefits contribution provides social welfare for children but does not provide direct benefits for the employee. See 2.2.5.

The

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Web page updated on 28 Aug 2024 11:42