November 1999 Minor Changes in the Public Pension Reform of 1999

  1. Number of the six monthly survey, in which the reform was reported the first time

    No. 1 /1999

  2. Title

    Minor changes in the Public Pension Reform of 1999

  3. Description of changes
    1. Requirement for those aged 65 to 69 and are working From FY 2002, in addition to previous payers of premiums, those who are aged between 65 to 69 and working are now required to pay premiums for the public pension, and if the sum of monthly salary and income-related portion of the pension exceeds Yen 370,000, only a half of income-related portion of the pension in excess will be paid.
    2. The enterprises are now allowed to submit stocks (shares) in its possession as the contribution to the Employeesf Pension Funds.
  4. Description of (first) results

    Not yet to be seen.

  5. Personal judgement concerning the changes or (first) results

    The current reform basically takes care of reducing the benefits, and fundamental problems of financial crisis of the Basic Pension which covers the entire population has not been adequately addressed

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