Wharton Pension Research Council Working Papers
 

Unifying Pension Schemes in Japan: Toward a Single Scheme for Both Civil Servants and Private Employees

Junichi Sakamoto, Nomura Research Institute, Ltd

The published version of this Working Paper may be found in the 2009 publication: The Future if Public Employee Retirement Systems.

Abstract

A topic of long-standing discussion in Japan has been how to equitably merge the retirement plans for civil servants and private employees, which in the past have been managed separately. Recent legislation sought to unify social security pension schemes for all employees, by extending the coverage of the Japanese Employees’ Pension Insurance Scheme which covers private employees to include civil servants as well. We describe how Japanese social security pension schemes have evolved, the forces driving the merger of these plans, and what future prospects may be.

 

Date Posted: 09 August 2019