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Cut in Retirement Benefits Sought for Japan Govt Workers

Cut in Retirement Benefits Sought for Japan Govt Workers

   Tokyo, April 19 (Jiji Press)--Japan's National Personnel Authority asked the government on Wednesday to reduce retirement allowances for national civil servants to levels roughly in line with those of private-sector workers.
   The request came after a survey by the agency found the same day that lump-sum payouts and pension benefits for central government personnel who retired in fiscal 2015 averaged 25,377,000 yen, standing 781,000 yen, or 3.08 pct, higher than those of private-sector workers.
   Following the call, the government is considering a legislative amendment to cut lump-sum payouts, officials said. If a reduction is decided, retirement allowances for local government employees, which are usually set in line with those for central government workers, may be affected.
   Many companies in Japan pay one-time retirement allowances and operate corporate pension programs to supplement public pensions. In a similar way, the central government makes both lump-sum and pension-style payouts.
   The National Personnel Authority carries out a survey every five years to make a public-private comparison of retirement benefits. The latest survey, conducted last autumn, received valid responses from 4,493 companies with workforces of 50 or more.

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AFP-JIJI PRESS NEWS JOURNAL


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