August 2018

Japan. Behind the Scenes / Only 40% pay national pension premiums

With many people, including the self-employed, not paying into the national pension plan, the system is becoming increasingly hollowed out. The officially announced payment rate is in the 60 percent range, but the actual situation is worse. The risk is growing that many elderly people will only be able to receive a meager pension in the future. Up for 6 straight years The Health, Labor and Welfare Ministry announced in June that the national pension premium payment rate (see below) in...