Considering raising the upper limit of participation period for corporate-type defined contribution pension to less than 70 years old October 6th 5:16
As the number of people in their 60s increases, the Ministry of Health, Labor and Welfare will increase the corporate pension and increase the period of time that can be enrolled in a corporate-type defined contribution pension in order to boost asset formation after retirement. We are considering in the direction of raising to.
The corporate pension is one of the private pensions paid on top of the employees' pension as employee benefits. The Ministry of Health, Labor and Welfare is considering revising the system in order to support asset formation after retirement.
Of these, we are currently considering ways to raise the upper limit of the period that can be enrolled from under 60 years old to under 70 years old for company-type defined contribution pensions that are paid by the employer and are managed by individuals. .
In addition, the individual-type defined contribution pension = “iDeCo”, which is voluntarily enrolled by individuals, would like to extend the upper limit from under 60 to under 65.
On top of that, we are now expanding the options for the age at which people can start receiving from 60 to 70 years old.
The Ministry of Health, Labor and Welfare has decided to submit a bill required for the next year's ordinary Diet session after discussions at a subcommittee of the Social Security Council.