@cm0002@lemmy.world to World News@lemmy.worldEnglish • 1 day agoJapan bus driver with 3 decades of service loses $84,000 pension after he was caught stealing $7www.cbsnews.comexternal-linkmessage-square79fedilinkarrow-up1435
arrow-up1435external-linkJapan bus driver with 3 decades of service loses $84,000 pension after he was caught stealing $7www.cbsnews.com@cm0002@lemmy.world to World News@lemmy.worldEnglish • 1 day agomessage-square79fedilink
minus-squaretiredofsametablinkfedilink2•1 day 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-square@EndlessNightmare@reddthat.comlinkfedilinkEnglish1•10 hours 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.