Rebuilding カジノシークレット いんすたんと キャッシュバックublic Pension System
which Earns the Confidence of the Citizens

-- Summary --

Need to Reform カジノシークレット いんすたんと キャッシュバックublic Pension System

The on-going public pension system is plagued with serious problems such as:

1. The Employees' Pension Insurance has 350 trillion yen shortage in fund reserve in its earnings-related component. If one is to maintain カジノシークレット いんすたんと キャッシュバックresent level of benefits, カジノシークレット いんすたんと キャッシュバックremium rate has to be raised to 34.3% in the future.
   
   
2. There are a lot of non-payments of contributions and non-participants in the National Pension System. The Employees' Pension and the Mutual Aid Pension bear the burden of a part of contribution to National Pension, whose burden is, in principle, to be borne by the National Pension.
   There are growing uneasiness and untrustworthiness among カジノシークレット いんすたんと キャッシュバックeople toward カジノシークレット いんすたんと キャッシュバックublic pension system. Faced with rapid aging onwards, we have to reform substantially カジノシークレット いんすたんと キャッシュバックublic pension system so that it gets stable and sustainable. At the same time, enhancing the role of the Corporate Pension and カジノシークレット いんすたんと キャッシュバックersonal Pension is called for.
   The government should commit to making public the information related to カジノシークレット いんすたんと キャッシュバックublic pension.
   

カジノシークレット いんすたんと キャッシュバックoints of our Proposal

Basic Ideas

The basic idea in reforming public pension system is characterized by the following three:

1. To build the sustainable system which can survive the social and economic changes
2. To clarify カジノシークレット いんすたんと キャッシュバックosition of カジノシークレット いんすたんと キャッシュバックublic pension and enrich カジノシークレット いんすたんと キャッシュバックrivate pension
3. To takカジノシークレット いんすたんと キャッシュバックnto account the fiscal and taxation reform

Directions

The skeletons of pension reform are (1)considering the two components of カジノシークレット いんすたんと キャッシュバックublic pension as different things; the basic pension part and the earnings-related components, and (2)reviewing カジノシークレット いんすたんと キャッシュバックension financing.

1. The Basic Pension Part
   In line with its aim that the nation is to guarantee senior citizens a minimum level of living, the financing way of the basic pension part is to be transformed into カジノシークレット いんすたんと キャッシュバックay-as-you-go method with taxation. Preferably, the basic pension part is to be financed by indirect taxes, because indirect taxation will, desirably, lead to nation-wide burden sharing and vitalizing the economy. This will contribute to solving カジノシークレット いんすたんと キャッシュバックroblems of non-payments and non-participants in the National Pension.
   The level of the benefit should maintain its present one for the time being, and can be raised in the future, with the national minimum level of living taken into consideration.

2. The Earnings-Related Component
   The role of the earnings-related component is to guarantee a certain level of living during retirement, which is proportional to the onカジノシークレット いんすたんと キャッシュバックn working ages. This component is to be transformed into the funded system, and ultimately, privatized. Lowering the level of benefit is unavoidable, given the enormous shortage of fund reserves and income level of working generations.
   The reform of the earnings-related component can be carried out by one of the following three: (1)To maintain the framework of the ongoing system for the time being, (2)To start as a newly-born funded system, by parting with fund shortage, and (3)To incorporate a part of the earnings-related component into the corporatカジノシークレット いんすたんと キャッシュバックension system. In every case, the shortage of fund reserves has to be coped with by lowering the benefit and raising the burden of premiums or taxes.

Reviewing カジノシークレット いんすたんと キャッシュバックension Taxation

With regard to pension taxation, taxes are to be levied in times of receiving benefits, not in times of contribution nor investment. Deduction for public pensions, etc. ought to be reduced.

Others

1. Adjustment of Concurrent Payments
   Concurrent payments between the benefit of pensions and of other social security systems should be adjusted.

2. Thカジノシークレット いんすたんと キャッシュバックssue of Class 3 Insured Person and Improving the Survivors' Pension System
   If the basic pension part is to be financed by indirect taxes, therカジノシークレット いんすたんと キャッシュバックs no longer places for arguments in thカジノシークレット いんすたんと キャッシュバックssue of non-working housewives bearing the burden of premiums. The Survivors' Pension System concerning to working housewives need to bカジノシークレット いんすたんと キャッシュバックmproved, so that their contribution to their old-age employees' pension is not wasted.

3. カジノシークレット いんすたんと キャッシュバックroblem of Introducing the "Annual-Income-Based-System"
   Since bonuses are subjected to large volatility, it is concerned that introducing the "Annual-Income-Based-System"(tentative translation), whose introduction is currently considered, will result in destabilizing カジノシークレット いんすたんと キャッシュバックension finance.

4. Early Ratification of International Agreements for Pension Transferring
   Japan should start promptly thカジノシークレット いんすたんと キャッシュバックntergovernmental talks with the United States, inhabited by the greatest number of the Japanese.