Jun 29, 2014

Pensioners to get less as they get older

The nation’s economic and demographic woes are likely to force pension payout ratios to sink below the required 50 percent minimum, according to a new Health, Labor and Welfare Ministry estimate. Based on the pension reforms of 2004, the law stipulates that pensioners must ...

May 11, 2014

Welfare chief open to tapping pension benefits at 75

Welfare minister Norihisa Tamura said Sunday that the idea of allowing people on the national pension scheme to start receiving benefits at 75 instead of 65 may be broached in the future. At present, seniors can start tapping their public pension benefits when they ...

Mar 10, 2014

Panel urges yearly goal of 1.7% growth at GPIF

The world’s largest pension fund should aim for yearly returns of 1.7 percent plus the rate of wage growth, a government advisory panel reiterated. The ¥128.6 trillion Government Pension Investment Fund should adopt that goal as it is suitable under all eight scenarios envisaged ...

Mar 5, 2014

Pressure on GPIF to buy more stocks good for public, Ito says

Pressure on the Government Pension Investment Fund to buy more stocks will benefit the public as well as boost equity markets, according to the head of a panel that advised on overhauling the world’s biggest retirement fund. “Some are concerned the GPIF reforms are ...

| Nov 3, 2013

Pensions will pay, but only after 25 years

by Ryoko Minagawa

One reader wrote to Lifelines with a question regarding pensions: I’m a part-time English university instructor, now working at two Tokyo universities. In nine years, I will be 70 and, as it stands today, should anticipate being forced to retire. I will still have ...

Aug 9, 2013

Assailed GID pension numbers to be scrapped

In a move that follows expressions of concern over privacy, the welfare ministry will abolish a system under which a unique sequence of numerals is used for pension numbers given to those who have legally changed their sex, according to sources at an advocacy ...

Jun 29, 2013

Pension fund panel to review portfolio

A government investment panel tasked with reviewing the nation’s public pension portfolio will hold its first meeting Monday, sources said. The panel, chaired by University of Tokyo professor Takatoshi Ito, will have about five members, they said. It will compile ideas for hiking the ...

Pension system obligations and benefits

| Apr 29, 2008

Pension system obligations and benefits

by Takahiro Fukada

As the social welfare system grows in complexity, non-Japanese in particular are likely feeling a sense of frustration at the lack of information available in their native language. All foreign workers are obliged by law to join the public pension system, although many are ...