Ratios, Reserves Dropping for Japan's Public Pension System

Japan's public pension system suffers from problems familiar to some American workers and their employers, according to a summary of FY2004 data posted this week by Japan's Ministry of Health, Labour and Welfare. The summary showed the growth of pension reserves is slowing, the number of beneficiaries is increasing for all public plans, and the ratio of insured people to beneficiaries is falling toward 1/1 across the board.

The seven-page summary is posted at www.mhlw.go.jp/english/org/policy/dl/p36-37n.pdf. It indicates contributions to the large public plans are coming in at a pace below what was projected, partly because wage growth has been lower than expected. The ratio of insureds to beneficiaries also is lower than expected for three of the plans, but the number of beneficiaries and the expenditures from the plans are also below expectations.

The reserve at the end of FY2004 stood at 198.1 trillion yen at book value, 199.6 trillion yen at market value, according to the report.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Analyze Incident Data

    Collect relevant incident data, analyze trends, and generate accurate regulatory reports, including OSHA 300, 300A, and 301 logs, through IndustrySafe’s extensive incident reporting and investigation module.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common training questions.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Industry Safe
comments powered by Disqus

OH&S Digital Edition

  • OHS Magazine Digital Edition - April 2019

    April 2019

    Featuring:

    • ELECTRICAL SAFETY
      Taking the Guesswork Out of De-Energizing Industrial Equipment 
    • VISION PROTECTION
      Four Simple and Effective Ways to Avoid Digital Eye Strain
    • FOOT PROTECTION
      PPE the Automotive Industry Needs to Invest In
    • FIRE SAFETY
      Eliminate 10 Fire Hazards That May Be in Plain Sight
    View This Issue