The final payment rate of National Pension insurance premiums for self-employed people exceeded 80% for the first time last year, and the Japan Pension Service will raise this rate to the upper 80% range over the next five years. We have put together a medium-term plan that aims to achieve these goals.
The ``final payment rate'' of National Pension insurance premiums for self-employed people, students, etc., including the portion paid later, was 64.5% in FY2010 when the Japan Pension Service was launched, but measures have not been taken. As a result of continuing to do so, in FY2020 we exceeded 80% for the first time.
In response to this, the Japan Pension Service has put together a medium-term plan that aims to further raise the rate to the upper 80% range over a five-year period starting next fiscal year.
Specifically, in addition to comparing and analyzing the situation in areas with high and low payment rates and working on measures tailored to local conditions, we will also strengthen awareness among foreign subscribers, who are expected to increase further in the future. We plan to develop a multilingual consultation system and pamphlets.
On the other hand, regarding the collection of Employees' Pension insurance premiums, the company plans to strengthen its efforts to reach out to business establishments that are newly eligible for Employees' Pension due to the revised law.
The Japan Pension Service says, ``In addition to retirement, we want people to pay pension insurance premiums properly to prepare for when they become disabled due to illness or injury and are unable to work.''