No easy retirement in South Korea

Oct 27, 2014

No easy retirement in South Korea

Out of work and out of pocket, South Korean retirees are struggling to force their way back into an unwelcoming job market in an effort to supplement meager or non-existent pensions. But President Park Geun-hye’s vision of a new “creative economy” seems to have ...

Sweet jobs offered to athletes with star power

Jun 12, 2014

Sweet jobs offered to athletes with star power

by Tomoko Arima

An increasing number of companies are converting top athletes into full-time employees once they retire because they “have mental toughness and pursue success at any cost.” “I wondered if I could work at my desk from 9 a.m. until 5:35 p.m.,” swimmer Haruka Ueda, ...

Jun 6, 2014

Public pension reforms

A new labor and welfare ministry report highlights the possible need to extend the period during which workers pay premiums into national pension plans so that the benefits paid out to retirees can help sustain retirees' livelihoods at the levels promised.

Baby boomers becoming gray gang

May 27, 2014

Baby boomers becoming gray gang

by Sawako Obara

As the last of Japan’s baby boomers turn 65 this year and retire, many are taking low-paid or voluntary work to get them out of the house — a trend that could have broad-reaching effects. The transition came later than expected as many workers ...

As births fall, economies may falter

May 8, 2014

As births fall, economies may falter

by Bernard Condon

Nancy Strumwasser, a New Jersey high school teacher, always thought she would have two children. But the layoffs that swept over the U.S. economy around the time her son was born six years ago helped change her mind. Though she and her husband, a ...

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 ...