Starting in February, self-employed people will be able to pay premiums for the national pension through a smartphone app.
The Ministry of Health, Labor and Welfare hopes to improve the payment rate of the younger generation.
According to the Ministry of Health, Labor and Welfare, the premium payment rate for the national pension in the last fiscal year and the third year of Reiwa was 80% for those aged 55 to 59, the highest, but only 62% for those aged 25 to 29, the lowest. The challenge is to improve the payment rate of
Unlike employees' pensions, which are deducted from your salary, premiums for the National Pension must be paid by the subscriber himself/herself through procedures such as account transfer at a financial institution.
The Ministry of Health, Labor and Welfare has revised a ministerial ordinance so that premiums for the national pension can be paid using a smartphone app.
From February, it will be possible to make payments using three apps: au PAY, d payment, and PayPay.
Since non-payment of insurance premiums will affect the amount of pensions received in the future, the Ministry of Health, Labor and Welfare hopes to improve the payment rate by utilizing smartphone apps that are used by the younger generation in their daily lives.