Incumbent old-age pension reduction criteria Revenue: 470,000 yen → 510,000 yen
The Ministry of Health, Labor and Welfare has compiled a plan to raise the standard of income from which the pension is reduced from the current 470,000 yen to 510,000 yen for the "employed old-age pension" system that reduces the pension for the elderly who work and have a certain income.
The incumbent old age pension system is a mechanism to reduce the pension of the elderly working, and for those over 65 years old, if the combined salary and pension exceeds 470,000 yen per month, it will be reduced.
However, because it is pointed out that the elderly are motivated to work, the Ministry of Health, Labor and Welfare is considering a review,
▽ A plan to raise the standard for reducing pensions to 620,000 yen,
▽ Two plans were proposed to abolish the system itself.
On the other hand, the ruling party has called for corrections, such as the fact that the pension will be paid to those with higher income, while the level of payment for future generations will drop.
For this reason, the Ministry of Health, Labor and Welfare has compiled a new proposal to raise the standard to 510,000 yen.
In this case, the number of people whose pension payments will be reduced will be about 90,000 less than they are now, and the total amount of pension payments will increase by about 70 billion yen.
However, the “income replacement rate”, which indicates the level of public pension benefits after about 30 years, has fallen below 0.1%, and the impact on future generations is limited.
The Ministry of Health, Labor and Welfare has decided to present this proposal to the Social Security Council on the 13th.