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 ...
Striking Paris Opera musicians ushered in a new year of protest against President Emmanuel Macron's government by playing extracts from "Carmen" and "Romeo and Juliet" to a square steeped in the history of the French Revolution. The spirited, makeshift performance Tuesday on the front steps ...
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 ...
Elderly citizens accounted for record 28.4% of Japan's population in 2018, data show
Seniors accounted for 28.4 percent of Japan’s population and 12.9 percent of its labor force in 2018, both record highs, government data shows.
Non-workers aged 50-plus could make up 59% of Japan's population by 2050, OECD warns
People aged 50 or older and out of the workforce in Japan could increase by 29 percent from 2018, to 59 per 100 people, by 2050, straining public retirement schemes, the OECD said in a recent report that suggested reforms are needed. The Organisation for ...
