In the wake of the incident in which AIJ Investment Advisors Co. lost most of ¥145.8 billion in pension assets through bad investments, a panel of the health and welfare ministry on June 29 came up with a proposal on how to solve the problems related to the type of corporate pension fund known as kosei nenkin kikin.
Unfortunately, the proposal fails to show a clear way toward resolving the problems.
Kosei nenkin kikin manages private corporate pension assets as well as some of the pension premiums that must be paid into the nation's kosei nenkin pension program, a pension plan for corporate workers.