FlyerTalk Forums - View Single Post - Is Japan's pension system headed for oblivion?
Old Jul 23, 2017, 7:52 pm
  #9  
mjm
Original Member
 
Join Date: May 1998
Location: Tokyo, Japan (or Vienna whenever possible)
Posts: 6,379
Originally Posted by mrploddy
Just a question here for old timers and new people alike ?

How many of you think we have within the next 15 - 20 years got a pension time bomb on our hands with the 国民年金 system?.

The governments repeated lack of effort to tackle de-population and bulging older generation ( and repeatedly not wanting to discuss the idea of immigration due to not wanting to piss off voters ) at least to me stinks of an almighty collapse sooner rather than later.

It kinda makes sense that young people don't want to pay in to a system where they are likely to not get out a decent pension when they're older or at least a LOT less than they paid in?

Wondering what other ex-pats thoughts were on this ?.

-mrploddy

It will be fine. There are myriad ways to finance it or at least make it appear to be financed.

Plus given that after 25 years of paying in anywhere from 11,000 to 70,000 per month (upper end is based on end of career middle management salary) and then getting 160-220,000 per month back, it is not too bad a deal.
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