Japan to Offer Pension Age Option of Over 70 (News)
Tokyo, Jan. 17 (Jiji Press)—The Japanese government will offer an option to postpone the starting age for receiving public pensions to over 70, according to draft policy guidelines unveiled Wednesday.
The government hopes that the measure will encourage more elderly people to work and help stabilize public pension financing, officials said.
The government presented draft revisions to guidelines for policy measures to address the aging of the country's population, at a meeting of the ruling Liberal Democratic Party.
The new guidelines, which will mark the first revision in about five years, will be adopted at a cabinet meeting later this month.
Afterward, the welfare ministry will set details of the pension age. Related legislation is likely to be submitted to parliament by 2020.[Copyright The Jiji Press, Ltd.]