A Health, Labor and Welfare survey revealed Wednesday that 721 former government officials had landed positions at 366 corporate pension funds as of March 1, and the lion’s share of them had no experience in the field.
More than half of the 721 officials are from the defunct Social Insurance Agency, the predecessor of the Japan Pension Service. The 366 funds make up more than 60 percent of Japan’s 581 pension funds, the ministry said.
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