"Estimation of options" Estimated effect of benefits level in 5 cases August 27, 17:03

In addition to the legal revision, an additional trial called “Option Trial” was also conducted in view of future system revisions.

When the scope of pension is expanded

We examined the impact of expanding the coverage of employee pensions to which salaried workers and other employees apply to part-time workers.

Currently, the requirement for short-time workers to join the Employees' Pension is ▽ Company with more than 501 employees, ▽ Working more than 20 hours a week, ▽ Monthly income of more than 88,000 yen a month.

Of these, if the requirement for the employee scale is abolished, approximately 1.25 million people will be eligible for the Employees' Pension and if the membership increases, the “income replacement rate” in 2047 will improve by 0.5 points from 50.8%. .

Furthermore, if the wage requirements are also eliminated, the number of participants will increase to approximately 3.25 million, and the “income replacement rate” will improve 1.1 percentage points from 50.8%.

The expansion of the application range of the Employees 'Pension is expected not only to improve the pension finance, but also to increase the number of people who will enter the Employees' Pension, which will lead to low pension measures for the “employment ice age” generation. The government is positioned as a pillar of future system reform.

However, since companies pay half of the premium for Employees' Pension, expanding the application will increase the burden on companies, and a backlash from SMEs is expected.

For this reason, discussions on future pension system reforms will focus on how far the requirements such as employee size and income will be relaxed.

When raising the age of receipt

It is about raising the age of public pension receipt to 75 years.

The age at which you start getting a pension can now be selected from 60 to 70, based on 65 years.

The earlier you receive money, the less you get, and vice versa.

If you start receiving at the age of 75, the amount you receive will increase by the amount of delay, so the “income replacement rate” will be 95.2%, which is almost the same level as the average income of the active generation.

When we raise age of participation of employee's pension

This is the case where the upper limit of the welfare pension age has been raised from the current 70 years to 75 years.

As a result, the number of supporters for pensions has increased, and the “income replacement rate” in 2047 is expected to improve by 0.3 points from 50.8%.

An increasing number of people continue to work at the company even after the age of 70, and older people re-employed after retiring.

However, the Employees' Pension can be enrolled under 70 years of age and loses eligibility as soon as they become 70 years old.

The government is considering raising the upper limit of enrollment age to 70 years old or more because it is possible to increase the amount of pension benefits if the enrollment period is extended.

However, since the burden on the employer will increase, there will be a backlash on the part of the company.

When we extend payment period of national pension

It is also about the case where the period for paying the premium of the national pension that a self-employed person joins is extended from the current 40 years from 20 to 60 years to 45 years from 65 years old.

As a result, the “income replacement rate” is expected to improve by 6.8 points from 50.8% due to an increase in pension supporters.

When reviewing the old age pension

It is about the impact of reducing or abolishing the system called “In-service old age pension”, which reduces the pension of people over 60 years old who work at companies and have a certain income.

In the “aged old-age pension” system, if the total amount of monthly salary and pension exceeds 280,000 yen, from ages 60 to 64, the total amount is 470,000 yen from ages 65 to 70 If it exceeds, the pension will be reduced.

For this reason, it has been pointed out that “if pensions are reduced, we will quit work” and this has been pointed out as a cause of tempering work. It is.

If the aged pension over 65 years old is abolished, the amount of pension that has been reduced so far will be paid, so the “income replacement rate” in 2047 is expected to drop by 0.4 points from 50.8% The

Opposition parties have also criticized the abolition of the “old age pension” as “a rich preferential treatment”.