2026 Old-Age Basic Pension Standard
From payments for April 2026, the full old-age basic pension is 70,608 yen per month for people born on or after April 2, 1956. The actual amount is calculated by applying your months of contributions and exemption periods over the 40 years from age 20 to 60. Eligibility generally requires at least 10 years of coverage, and exemption periods are reflected at different rates depending on their type.
You Need Your Earnings Records to Calculate the Employees’ Pension
The earnings-related portion of the employees’ pension, which covers company employees and others, is calculated using average standard remuneration by enrollment period and the number of covered months. Bonuses, past coverage periods, transitional additions, and other factors can also affect the result, so the final benefit cannot be determined with a single-line formula. Use the records on your Nenkin regular statement and your estimated amount on Nenkin Net as references.
Early or Deferred Claiming Changes Your Lifetime Benefits
The old-age basic pension is generally paid from age 65. If you meet certain requirements, you can choose early claiming after age 60 or defer your claim from age 66 to 75. Reduction and increase rates depend on your date of birth and claim date, and reversing your choice may be difficult in some cases. Also check taxes, health insurance premiums, and your current income.
What to Check First on Nenkin Net
Check whether any employers are missing from your coverage history, whether your National Pension unpaid and exemption records are correct, and whether your standard remuneration records differ significantly from your salary history. Then compare estimated benefits by changing the age at which you start receiving them. The paper Nenkin regular statement is also useful for reviewing the same records.
Check Your Eligibility Before Making Back Payments or Voluntary Enrollment
Making back payments for premium-exempt periods or voluntarily enrolling after age 60 can help supplement your coverage period. However, not everyone can make retroactive payments for the same periods, and application windows and conditions apply. iDeCo and NISA do not directly increase your public pension, so compare their purposes and withdrawal restrictions separately.