Receiving the result of the pension “financial verification” Review of system revision Full-scale study August 28, 4:35
The Ministry of Health, Labor and Welfare has expanded the scope of the welfare pension in response to the compilation of the results of the “Financial Verification” that shows the outlook for the future benefits level of public pensions. We will start full-scale examinations for revision of the system, such as a review, and compile concrete measures within the year.
The Ministry of Health, Labor and Welfare checked the financial status of public pensions and announced the results of “Financial Verification” on the 27th, which shows the outlook for future benefit levels.
According to this, if the economy grows steadily, it is possible to maintain a benefit level of 50% or more of the average income of the working generation promised by the government, while in the case of negative growth, the national pension in the 2050s. The reserves of the company are depleted, and the benefit level may fall to the mid 30% level of the active generation.
According to the Minister of Health, Labor and Welfare, “I would like to review the system in line with the long-term socio-economic changes and make a public pension role that supports the basics of life after retirement.” Said.
The Ministry of Health, Labor and Welfare has a policy to start full-scale discussions for revision in order to maintain the system stably.
Specifically, referring to the results of the additional verification conducted this time, in order to expand the scope of Employees' Pension, the conditions for enrollment of short-time workers such as part-time workers and the age at which pensions can be received up to 75 years old We plan to consider making it possible to select, and extending the period for paying national pension premiums from 40 to 45 years.
In addition, we will discuss the reduction and abolition of the “employed old-age pension” system that reduces the pension for people with a certain level of income from the viewpoint of encouraging the elderly to work.
The Ministry of Health, Labor and Welfare wants to compile concrete measures by the end of this year and submit a bill that will be required for the ordinary Diet next year.