US EditionDiet OKs pension reform law to ensure more contributions
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2 Articles
Diet OKs pension reform law to ensure more contributions
The Diet has enacted a pension reform law that will scrap a 1.06 million yen annual income threshold blamed for prompting part-timers to limit their work hours, while opening the way for a future boost to basic pension benefits. The enactment came as a result of a last-minute compromise by…
Shiota: Regarding pension system reform, the main focus this time is on raising the basic pension (national pension). With the House of Councillors election approaching, the Ishiba administration initially considered resistance within the LDP, which expressed concerns about increased burdens due to the misappropriation of employee pension funds, and changed the framework of the initial proposal on April 17th...
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