Justice Ministry moves to hike retirement age for Japan's prosecutors to 65
The Justice Ministry has drafted a bill to raise the retirement age for public prosecutors, excluding the prosecutor-general, who heads the Supreme Public Prosecutor's Office, to 65 from 63. The bill to amend the Public Prosecutor's Office Act, presented to a joint meeting of the ...
In a bid to dampen the effects of a rapidly graying society, the Cabinet on Tuesday approved bills to urge businesses to let employees work until age 70.
Japanese women face a future of poverty, as confluence of factors conspire against them
At first glance, things seem to be getting better for Japanese women. In an economy that's historically lagged other developed nations when it comes to female workforce participation, a record 71 percent are now employed, an 11 point leap over a decade ago. The government boasts ...
Japan to urge firms to employ workers until age 70 from next year
The labor ministry plans to urge companies from April 2021 to ensure jobs are available for workers until the age of 70, it was learned Wednesday. The ministry will also require large companies with over 300 workers to publish the number of mid-career hires on ...
Thousands of people demonstrated on Saturday against French President Emmanuel Macron's proposed pension reforms that have sparked a monthlong transport strike. Some protesters donned the yellow vests that over the past year have become symbolic of opposition to Macron's attempts at reforms that he says ...
Christmas Eve 2019 was an unusually gloomy one for France as the 20th day of a transport strike left many scrambling on Tuesday to reach their loved ones for the traditional family feast, while others simply gave up. The protest against pension reform has led ...
Widening pension coverage will not only add to the benefits irrgegular workers receive in retirement but shore up pension finances by increasing the number of participants in the program.
The survey on elderly employment, released Friday, also showed that 61 percent of companies are able to offer part-time positions to such workers.
Excessive concern over public pension
Reform of the Japanese public pension system in accordance with the nation's aging population is becoming increasingly unavoidable.
Toshiba Corp. said Thursday that one of its subsidiaries saw 414 employees apply for an early retirement plan, surpassing the 350 the company had estimated. Toshiba Electronic Devices & Storage Corp. received applications for the program from workers aged 45 or older between July and ...
FSA will no longer make reference to controversial post-retirement savings estimate
The Financial Services Agency decided Wednesday it will no longer make reference to a controversial estimate that a retired couple that lives to be 95 years old would need at least ¥20 million in addition to their benefits under the national public pension system. But ...
Fear of retirement poverty drives Japanese to private pensions
Japanese households are rushing to private retirement products after a government report fueled fears that the national pension system won't be enough to support them during old age. SBI Securities Co. and Monex Group Inc. have seen applications for defined contribution pension plans surge since ...
