May 3 , 2013Yutaka Seki,President of Federation of Non-Life InsuranceWorkers’ Unions of Japan"The views expressed in this ...
President of Federation of Non-LifeInsurance Workers’ Unions of Japan(FNIU)    ・ Federation member organizations : 21 uni...
1965: the ratio of those of working age(20-64years old) to that of non – working age (65years and above) was 9.12012: the ...
(10 thousands)yearEstimated figureActual figurePopulation aging rate**Population aging rate:ratio of people 65 yearsold or...
Managed by employees’pension fundNational PensionGovernmentadministeredEmployee pensionDefined Benefit CorporatePension De...
ManagementcompanyTrust BankBond marketetc.Employees’ pensionfund companyEmployeerecipientsPension and lump-sumpaymentpremi...
Japanese pension system and its challenges by yutaka seki
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Japanese pension system and its challenges by yutaka seki

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Presentation by Yutaka Seki, UNI Global Union - Asia Pacific; at the "CSO Panel 3: Pension Towards Socially Responsible Investments"; organized by the Public Services International and other Global Union Federations on 3 May 2013 during the 46th Annual Meeting of the Asian Development Bank in Delhi, India.

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Japanese pension system and its challenges by yutaka seki

  1. 1. May 3 , 2013Yutaka Seki,President of Federation of Non-Life InsuranceWorkers’ Unions of Japan"The views expressed in this paper/presentation are the views of the author(s) anddo not necessarily reflect the views or policies of the Asian Development Bank(ADB), or its Board of Directors, or the governments they represent. ADB does notguarantee the source, originality, accuracy, completeness or reliability of anystatement, information, data, finding, interpretation, advice, opinion, or viewpresented, nor does it make any representation concerning the same."
  2. 2. President of Federation of Non-LifeInsurance Workers’ Unions of Japan(FNIU)    ・ Federation member organizations : 21 unions     Non-Life insurance companies, Life insurance companies, Claim researchcompanies and IT system companies                         ・ Members : about 88,000   Vice-President, UNI Finance GlobalUnion President, UNI-Apro Finance
  3. 3. 1965: the ratio of those of working age(20-64years old) to that of non – working age (65years and above) was 9.12012: the ratio is currently2.42050: the ratio will be 1.2number of new born babies1965:1.82million 2012:1.02million 2050: 560thousand
  4. 4. (10 thousands)yearEstimated figureActual figurePopulation aging rate**Population aging rate:ratio of people 65 yearsold or above against thewhole populationTotalpopulationUnder 19years old20-64 yearsold65-74 yearsoldOver 75years old
  5. 5. Managed by employees’pension fundNational PensionGovernmentadministeredEmployee pensionDefined Benefit CorporatePension DefinedContributioncorporatePensionEmployees’pension fundPublicpensionCorporatepension
  6. 6. ManagementcompanyTrust BankBond marketetc.Employees’ pensionfund companyEmployeerecipientsPension and lump-sumpaymentpremiums premiumsDiscretionaryinvestment contractTrust fundsInvestmentgainsInvestmentgainsInstruction oninvestmentinvestment

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