厚生年金引き上げ (Increase in Employees’ Pension)
厚生年金 (Employees’ Pension) is a Japanese government-run pension system that provides retirement, disability, and survivor benefits to employees and their dependents. The system is funded through contributions from both employees and employers.
On January 18, 2023, the Japanese government announced plans to raise the monthly pension payments for current and future retirees by 4.8% in 2024. This is the highest increase in pension payments in 20 years.
The increase is intended to offset rising inflation and ensure that retirees have a secure income. The government estimates that the average monthly pension payment for retirees aged 65 and over will increase by around 5,000 yen to 109,000 yen (US$800).
The increase is expected to put a strain on the pension system’s finances, but the government has pledged to make up the shortfall by raising taxes and cutting spending.
The news of the pension increase has been met with mixed reactions. Some retirees have welcomed the increase, while others have criticized the government for not doing enough to address the rising cost of living.
Impact of the Pension Increase:
- The increase will provide a much-needed boost to the incomes of current and future retirees.
- The increase will help to offset the rising cost of living, which has eroded the value of pension payments in recent years.
- The increase will put a strain on the pension system’s finances, which could lead to higher taxes and/or reduced benefits in the future.
Conclusion:
The increase in Employees’ Pension payments is a significant development that will have a major impact on the lives of current and future retirees in Japan. The increase is a positive step towards ensuring that retirees have a secure income, but it also raises concerns about the long-term sustainability of the pension system.
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Please search for “厚生年金引き上げ” which is rapidly rising on Google Trends JP and explain in detail. Answers should be in English.
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