Japan Parliament OKs Pension Reform Law to Ensure More Contributions

熊本日日新聞社

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The Pension System Reform Act was passed at the House of Councillors plenary session on the 13th and will become law. In order to expand the enrollment of part-timers and other short-term workers in the Employees' Pension Insurance, the annual income requirement (1.06 million yen or more) will be abolished. This was considered the "1.06 million yen barrier" for those who want to avoid paying insurance premiums by limiting their working hours.