Japan Govt Eyeing Pension Age of Over 70 as Option

Politics Lifestyle

Tokyo, Dec. 11 (Jiji Press)--The Japanese government is considering an option of allowing people to choose to start receiving public pensions at the of 71 or over as part of steps to overhaul the nation's social security system.

The plan is part of a government draft of a reform roadmap on social security and other systems for fiscal 2019 to fiscal 2021, which was presented to a meeting of the Council on Economic and Fiscal Policy on Monday.

The draft calls for making the pension system flexible so that people can choose to begin receiving public pensions at the age of over 70. The government plans to submit a relevant bill to the Diet, the nation's parliament, within fiscal 2019, which starts next April.

The reform roadmap is set to be revised for the first time in three years. The number of items up for discussion in the social security field has been raised to 61 from 44.

The government plans to finalize the new roadmap by the end of this month.

[Copyright The Jiji Press, Ltd.]

Jiji Press