Japan Likely to Show Long-Term Pension Estimates in Aug.

Society Lifestyle Politics

Tokyo, July 23 (Jiji Press)--The Japanese government is likely to publish its long-term estimates on public pensions as early as late August, according to informed sources.

The government compiles such estimates every five years to review the financial soundness of public pensions, calculating the estimated levels of payments for the next 100 years using data such as prices and population estimates.

While the previous estimates were released in June 2014, the schedule of the release of the latest estimates has been delayed due to Sunday's House of Councillors election.

The estimates are expected to be taken into consideration in a debate on the current public pension system and how the elderly should support their lives in retirement to be held at an extraordinary parliamentary session that will be convened in autumn.

The latest estimates will include those based on scenarios such as a wider range of part-time workers covered by the "kosei nenkin" public pension system for corporate workers or reduced pension payments for the working elderly, the sources said.

[Copyright The Jiji Press, Ltd.]

Jiji Press