News On Japan

Pension Revisions Spark Debate Over Spousal Benefits

TOKYO, May 16 (News On Japan) - Japan’s pension system is under review, and a key focus is on the "spousal pension" benefits. For homemakers, this is a pressing concern.

Homemaker (40s): "The thought of not receiving what we’ve been getting so far is quite alarming."

Homemaker (30s): "It’s worrying to think that the money we’re supposed to get might be reduced or eliminated."

The debate centers around the "Category III insured persons system," which allows homemakers to receive pensions without paying premiums.

However, even under the current system...

Single person (50s): "When I realized that homemakers can get pensions without paying for them, I felt it was a bit unfair."

The revision of the pension system has sparked mixed reactions. What’s your stance?

Job-seeking student (20s): "In the past, there was the term 'marriage retirement,' but nowadays, everyone is expected to work, and both parents are expected to be employed, so I want to work until the end."

Will this affect women's employment? On May 13, the Ministry of Health, Labour and Welfare held a social security council where the Category III insured persons system was a key topic.

The Category III insured persons system allows spouses of company employees to receive a basic pension without paying insurance premiums.

Conditions include being the spouse of an employee covered by employees' pension insurance, being between 20 and 59 years old, and earning less than 1.3 million yen annually. Over 7 million people are currently eligible.

The main criticism of the Category III insured persons system is its perceived unfairness.

Dual-income household (40s): "Looking at my pay slip, I feel the burden of paying insurance premiums. It feels unfair compared to homemakers."

Forty years ago, households with homemakers were the majority, but now they have reduced to less than half of dual-income households, highlighting a discrepancy with current realities.

Single person (50s): "Why should people who aren’t working get pensions? I’ve been paying into the system every month. It feels unfair. Maybe I should have become a homemaker. But everyone has their own path in life, so I guess it can’t be helped."

Another issue is the so-called "1.3 million yen barrier," which limits the work of women who wish to remain eligible.

While working patterns are changing, about 30% of women in their late 30s and older fall under the Category III insured persons system.

If abolished, homemakers would need to pay new insurance premiums, potentially disrupting their financial plans. Additionally, there is concern that future pension payments could decrease.

Homemaker (40s): "If we don’t get the pension, we’ll need to save separately for the future costs of raising children. What should we do?"

In the recent council meeting, many opinions were voiced that the system should be revised to make it easier to join the employees' pension system, thus reducing the number of eligible recipients.

Source: ANN

News On Japan
POPULAR NEWS

The long-standing seniority-based system in Japanese companies is being phased out. Many have considered it natural to rise with age, but there have been times when people desired recognition based on ability. With this deeply ingrained system now under review, will the decision by a major bank change Japan's corporate culture?

In a significant ruling regarding the estate of businessman 'Kishu Don Juan,' the court declared on Friday the will, which states that his 1.3 billion yen estate be donated entirely to the city, to be valid. Relatives had contested the will's validity, but the court dismissed their claims.

A controversy has erupted over the sale of high-priced premium seats at the Gion Festival. Yasaka Shrine's chief priest has expressed concern over the decision to sell premium seats for 150,000 yen each, stating, "This is not a show."

The Tokyo gubernatorial election was officially announced on June 20th, with a record 56 candidates running. However, the allocated poster spaces only accommodate 48 candidates, leaving some without a place to display their posters. As a workaround, clear file folders are being used, causing confusion at polling sites.

A rare 63-leaf clover, cultivated in the garden of Takaharu Watanabe in Nasushiobara City, Tochigi Prefecture, has been officially recognized by Guinness World Records this month.

NEWS ON JAPAN SOCIALS
         

MORE Politics NEWS

The Tokyo gubernatorial election was officially announced on June 20th, with a record 56 candidates running. However, the allocated poster spaces only accommodate 48 candidates, leaving some without a place to display their posters. As a workaround, clear file folders are being used, causing confusion at polling sites.

More than 50 candidates have declared their intention to run in the Tokyo gubernatorial election scheduled for July 7. On June 18, incumbent Governor Yuriko Koike and House of Councillors member Renho both announced their campaign platforms. How do their visions differ?

Japan's Diet has passed a bill aimed at replacing the technical intern system for foreign nationals with a new training program. (NHK)

The US military is conducting a large-scale field training exercise in the Pacific region, including bases in Japan for the first time. (NHK)

Tokyo Governor Yuriko Koike (71) announced on the 12th her intention to run for a third term in the gubernatorial election scheduled for July 7, with the official campaign period starting on June 20th.

Prime Minister Kishida is set to hold a summit meeting with Ukrainian President Zelensky on June 13th, where they will sign a joint document committing to continued support for the next ten years.

In a recent election interference incident, members of the Tsubasa Party were found to have pursued the Constitutional Democratic Party's campaign vehicle more than five times, referring to these actions as 'car chases' and broadcasting them on social media.

The draft of Japanese government's fundamental 'Basic Policy' for economic and fiscal management, which aims to be approved by the Cabinet this month, includes measures to address the gender wage gap.