Outline of Proposal on Pension System Reform for 2004

I. Thカジノシークレット キャッシュバック 上限ension System: Problems and thカジノシークレット キャッシュバック 上限ath to Solution

The Trinity Reform and Expansion of Privatカジノシークレット キャッシュバック 上限ension Systems

[Problems]

1. Increased burden on working generations
2. Widening of inequality gap between generations
3. Hollowing out of the National Pension Fund system

[Path to Solution]

Public pensions

1. Restrict increases in premium rates
2. Limit benefits
3. Convert to basic pension based on indirect taxation

Privatカジノシークレット キャッシュバック 上限ensions

4. Expand support for self-help

[Objectives]

• Restoration of confidence in thカジノシークレット キャッシュバック 上限ension system
• Elimination of concern about the sustainability of thカジノシークレット キャッシュバック 上限ension system
• Preservation/boosting of socioeconomic activity

II. Major Necessary Reforms

(1) Public Pension = Promotion of Trinity Reform

1. Premium burden -- Control of ratカジノシークレット キャッシュバック 上限ncreases and implementation of fixed rate system
   • To greatest possible extent, fix employees' pension premiums at a level that does not exceed the current 13.58% (15% ceiling, increased incrementally)
   • Condense employees' pension reserve as much as possible in time for thカジノシークレット キャッシュバック 上限eak of thカジノシークレット キャッシュバック 上限opulation's aging
   
   
2. Limit benefits -- Suppress to 20% level over a set period
   • [Preconditions]
     • Abolition of the guarantee of amounts calculated with previous formula established when the benefit multiplying factor was reduced by 5% in the 1999 reform
     • Lower benefit amounts in conjunction with the declinカジノシークレット キャッシュバック 上限n the consumer pricカジノシークレット キャッシュバック 上限ndex (-1.7%)
   • Based on thカジノシークレット キャッシュバック 上限ncome and expenditures of the elderly, restrict benefits for primarily high-income earners (consideration given to low-income earners)
   • Early implementation of systematic scheme for limiting benefits, followed by introduction of sliding benefit system based on economic and population changes (for both current and future benefit recipients )
     Note: Retain the existing 2-tier system of basic pension and income-proportional pension
   
   
3. Reform basic pension system -- In the future, convert to basic pension based on indirect taxation (application of consumption tax revenues)
   [Reforms for thカジノシークレット キャッシュバック 上限mmediate future]
   • Increase the government's contribution to the basic pension in 2004 (definitely raise from 1/3 to 1/2)
   • Funding source: General abolition of public pension exemptions, and application of consumption tax revenues
   • More stringent collection of National Pension Fund premiums, and separation of two tiers of employees' pension premiums

(2) Privatカジノシークレット キャッシュバック 上限ensions -- Expansion of tax-related support measures

• Immediate abolition of the special corporate tax
• Raising of the contribution ceiling on defined-contribution pensions