“Income substitution rate” indicator indicating the level of pension payment 50% is a guideline August 27, 17:04
The result of "Financial Verification" showing the future benefit level of public pension was announced on the 27th. The “income substitution rate” is a guideline when looking at this.
The “income replacement rate” is the ratio of the annual amount that can be received by “model households” of two elderly couples to the average net income of men in the current generation.
“Model households” are assumed when the husband is a salaryman with an average income, the wife is a full-time housewife, and the husband pays a welfare pension premium for 40 years.
The government promises to secure an income replacement rate of 50% or more in the future, assuming that a level of living can be maintained even after retirement if income exceeds half of the current generation.