経済｜年金改革法成立で新たな支援策 / Economy | New support measures established with the passage of pension reform law.

Summary

On June 13, 2023, the pension reform law was passed in the House of Councillors with the support of the Liberal Democratic Party, Komeito, and the Constitutional Democratic Party.

This law aims to eliminate the income threshold of 1.06 million yen and expand the application of employee pension plans to part-time and other short-hour workers. Additionally, it includes measures to raise the basic pension for the “lost generation.” This is expected to strengthen support for living in retirement.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, what changes will the pension reform law bring?
Log: The main point is the expansion of welfare pension coverage for part-time workers. The income limit of 1.06 million yen will be removed, so more short-time workers will be able to join the pension system.
Chako: Oh, I see! So this will also help the lost generation?
Log: Yes, exactly. With the increase in the basic pension, I think it’s especially important for that generation.
Navi: To add on, this is expected to lead to a more stable retirement lifestyle for many people.
Chako: I get it! More people will be able to feel secure!

Admin’s Note

The establishment of the pension system reform law is likely to be a beacon of hope for many people. In particular, the expansion of employee pension coverage to include part-time and short-time workers is impressive as it breaks down the barriers of the previous system, allowing more individuals to benefit from the pension system. Additionally, the inclusion of support measures for the “lost generation” is noteworthy, as it is expected to enhance the overall quality of life in retirement for society as a whole. I look forward to keeping an eye on future developments.