Tuesday, July 9, 2019

Practical debate needed on public pension system

The public pension system and people’s concern over their retirement finances emerged as a key campaign issue for the upcoming Upper House election after a Financial Services Agency council report estimated that a model household of retirees dependent on pension benefits to cover their expenses would face a shortfall of ¥20 million if they lived to the age of 95. Prime Minister Shinzo Abe and his ruling coalition rebutted opposition criticism and emphasized that sustainability of the public pension system will be secure over the long term. Read More