Defined contribution pension agrees by raising the upper limit of the participation period The Ministry of Health, Labor and Welfare Council October 9 14:43
The defined contribution pension to be added to the public pension is discussed at the Council of the Ministry of Health, Labor and Welfare, and the upper limit of the participation period, which has been up to now under 60 years old. “Individual type” was agreed by revising the system up to under 65 years of age.
The defined contribution pension is a private pension that is paid on top of the public pension. It is a “corporate type” in which the employer contributes contributions, and an “individual type” or “iDeCo” in which individuals voluntarily join. There are types, and the annual amount you receive will change depending on how you operate.
The Ministry of Health, Labor and Welfare presented a plan for revising the system to the subcommittee of the Social Security Council, which was held on the 9th, in an attempt to boost asset formation after retirement by extending the membership period as the number of people in their 60s increased. .
According to it, the upper limit of the subscription period, which is until now under 60 years old, will be extended to under 70 years for “enterprise type” and under 65 years for “individual type”.
In line with this, the option of the age at which you can start receiving from the age of 60 to 70 will be extended to 70 and beyond.
On the other hand, the attendees agreed that they would agree that it would be easy to use for their retirement and that they would widen the frontage.
The Ministry of Health, Labor and Welfare will compile concrete measures by the end of the year and submit a bill that will be required for the next year's ordinary Diet session.