cm0002@lemmy.world to World News@lemmy.worldEnglish · 4 days agoJapan bus driver with 3 decades of service loses $84,000 pension after he was caught stealing $7www.cbsnews.comvideomessage-square79fedilinkarrow-up1447arrow-down16
arrow-up1441arrow-down1videoJapan bus driver with 3 decades of service loses $84,000 pension after he was caught stealing $7www.cbsnews.comcm0002@lemmy.world to World News@lemmy.worldEnglish · 4 days agomessage-square79fedilink
minus-squaretiredofsametab@fedia.iolinkfedilinkarrow-up17·4 days agoThis was presumably just some government-job-specific pension. Japanese law requires paying into a pension scheme so it is doubtful that this is all he had. We also have iDECO and NISA which are like IRA/401k systems.
minus-squareEndlessNightmare@reddthat.comlinkfedilinkEnglisharrow-up1·3 days agoFollowing the 4% rule (not sure how applicable to Japanese investing this is), $84K would yield ~$280/month. Hopefully this isn’t all he had.
This was presumably just some government-job-specific pension. Japanese law requires paying into a pension scheme so it is doubtful that this is all he had. We also have iDECO and NISA which are like IRA/401k systems.
Following the 4% rule (not sure how applicable to Japanese investing this is), $84K would yield ~$280/month. Hopefully this isn’t all he had.