Pension Topics (2014/3/13)

投稿者: | 2014年3月13日

– Pension contribution extended to age 64?
Asahi newspaper reports that Ministry of Health, Labor, and Welfare has a plan to extend the terminal contribution year of Japanese pensions from the present age 59 to age 64 in the future. Whether it will be implemented is to be discussed in this year. Its aim is to bolster an amount of old age pensions, paid after age 65, by making enrollees adding a further contribution for 5 years, forecasting the future decrease of payments thanks to Japan’s aging population that can cause a tightening of its pension funds. The discussed plan might allow people to choose to pay for another 5 years or not.