Individual-type defined contribution pension to ease the requirements for participation

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To encourage the use of “individual” defined contribution pension = “iDeCo” (Ideco), which is added to the public pension, the Liberal Democratic Party ’s work team has compiled a proposal to reduce the membership requirements.

“IDeCo” is one of private pensions that are voluntarily enrolled by individuals on top of public pensions. The premiums and investment profits are exempt, but the number of users is only 1.2 million.

In this regard, the working team of the Liberal Democratic Party's pension committee has compiled a proposal to encourage the use of assets in order to support the formation of assets after retirement.

According to this, in the case of a company employee who participates in a “corporate-type” defined contribution pension, in order to enter “iDeCo”, it is necessary to change the rules by labor-management negotiations. Wants to relax if you want.

In addition, the upper limit of the subscription period, which is currently under 60 years old, should be extended to under 65 years of age, and applications and other procedures should be made online.

In addition, a system called “iDeCo +” (Ideco Plus), which allows companies to add premiums to employees who are members of “iDeCo” in SMEs with 100 or fewer employees who do not have a corporate pension, We are seeking to extend it to companies with 300 or fewer people.

The Liberal Democratic work team wants this proposal to be reflected in the government's pension reform.