Barry,Pixy has already answered your question but since I amin a similar boat let me add something and re-phrase the question.I lived in Japan for 10 years, paying into theemployee pension plan which is kinda private andkinda public. Never really understood it. Moved tothe US just over a year ago.The Japanese pension rules state that to qualify for a pension you have to participate for 20 - 25years. If you are a foreigner who does not qualify (me and maybe you) because you haven't participatedlong enough then when you leave you have 2 years toclaim a lump sum reimbursement or loose everything. Here's the rub.The lumpsum is calculated so that if you have workedfor up to 3 years you get approximately 100% of what you paid in back. Anything more than 3 years and you get back only about 3 years worth of.your payments!People working in Japan be warned, you may be throwing away your money and your retirement!So the question I have is how does the IRS treat thislump sum that you "have" to take? Could a loss beclaimed?One point to follow up on Barry is that the pensionsystem in Japan is under review and I beleive thereis talk of moving over to a 401(k) type plan wherethe money really is yours!Sorry if there is a degree of "rant" in this post.It touches a tender nerve!Alex
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