Japan Gearing toward Continued Employment beyond 65

Politics

Tokyo, Oct. 5 (Jiji Press)--The Japanese government started talks on a new growth strategy on Friday, aiming to help employees to continue working after they turn 65 years old.

"We'll intensively promote discussions on reform for pan-generational social security," Prime Minister Shinzo Abe said at a meeting of the Council on Investments for the Future.

Currently, many companies set the retirement age at 60 and adopt a system for continued employment until 65.

The government aims to ensure that people can continue working beyond the age 65 if they wish, to help them extend their healthy life spans and thus curb public spending on medical and nursing care services.

During the panel meeting on Friday, a private-sector member claimed that it was crucial to prepare a system to match elderly workers' skills with companies' needs.

[Copyright The Jiji Press, Ltd.]

Jiji Press