A council of the Ministry of Health, Labor and Welfare has agreed to raise the upper limit of the joining age from under 65 to under 70 for the individual-type defined contribution pension = "iDeCo" that is added to the public pension.

“iDeCo” is a private pension that individuals can voluntarily enroll in. There is a preferential treatment in which contributions and investment profits are exempted from taxes. increase.

Last month, the government formulated a "asset income doubling plan" to increase income by managing financial assets, etc., and in light of the fact that work styles are becoming more diverse, the policy includes a policy to raise the joining age to under 70. was

At the meeting of the Social Security Council of the Ministry of Health, Labor and Welfare on the 7th, the Corporate Pension and Individual Pension Subcommittee discussed these policies.

Going forward, the Ministry of Health, Labor and Welfare will proceed with discussions on specific system design, etc., in conjunction with the discussion of the "Fiscal Verification", which will show the outlook for future benefit levels of public pensions, to be held the year after next in 2024. .