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Japan's Public Pension Policy

Author

Listed:
  • Eui Tajika
  • Yoshihiro Kaneko
  • Fumiko Hayashi

Abstract

It was in 1961 that the Japanese national pension (Kokumin nenkin) for self-employed people was established. This opened the door to a universal pension system that included existing mutual aid association pensions (Kyosai nenkin) for public service employees and employee pensions (Kosei nenkin) for private sector workers. National pension benefit payments began almost ten years later—since, as an interim measure, people over fifty years of age when the system was established were allowed to receive benefits after a contribution period of five to ten years.

Suggested Citation

  • Eui Tajika & Yoshihiro Kaneko & Fumiko Hayashi, 1997. "Japan's Public Pension Policy," Japanese Economy, Taylor & Francis Journals, vol. 25(6), pages 43-69.
    • Handle: RePEc:mes:jpneco:v:25:y:1997:i:6:p:43-69
    DOI: 10.2753/JES1097-203X250643
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