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The Japan Pension Service (日本年金機構, Nihon nenkin kikō) is a government organization administered by the Ministry of Health, Labour and Welfare. On January 1, 2010, it replaced the Social Insurance Agency .
The Japanese National Pension (Kokumin Nenkin (国民年金)) is a pension system that all registered residents of Japan, both Japanese and foreign, are required to enroll in. Since January 1, 2010, it has been managed by the Japan Pension Service .
The National Pension system, which is administered by the Japan Pension Service, is the state pension program, and all registered residents aged 20 to 59, both Japanese citizens and legal foreign residents, are obliged to contribute to it. Contributions are deducted from employee paychecks, while the self-employed pay a set amount.
The Social Insurance Agency (社会保険庁, Shakaihoken-chō) was an agency administered by the Japanese Ministry of Health, Labor, and Welfare. After a scandal involving millions of lost pension records, on January 1, 2010, it was abolished and replaced by the Japan Pension Service. [1] It was responsible for four types of social insurance
The Government Pension Investment Fund (GPIF) states that it has been established on the following investment principles: The overarching goal should be achieve the investment returns required for the public pension system with minimal risks, solely for the benefit of pension recipients from a long-term perspective, thereby contributing to the stability of the system.
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It is commonly known as Kōrō-shō (厚労省) in Japan. The ministry provides services on health, labour and welfare. The ministry provides services on health, labour and welfare. It was formed with the merger of the former Ministry of Health and Welfare or Kōsei-shō ( 厚生省 ) and the Ministry of Labour or Rōdō-shō ( 労働省 ) .
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