MMGPI 2015 Results for Japan l Mercer

Japan

Japan’s retirement income system comprises a flat-rate basic pension; an earnings-related pension; and voluntary supplementary pension plans.

The overall index value for the Japanese system could be increased by:

  • raising the level of household saving
  • increasing the level of pension coverage and hence the level of contributions and assets
  • introducing a requirement that part of the retirement benefit must be taken as an income stream
  • announcing a further increase in the state pension age as life expectancy continues to increase
  • reducing government debt as a percentage of GDP


The Japanese index value fell slightly from 44.4 in 2014 to 44.1 in 2015 due to a number of small changes.

 

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