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© (c) Copyright Thomson Reuters 2020.Government Pension Investment Fund posts ¥7.4 tril profit in third-quarter
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talaraedokko
Who gets the profits? Government, private? LDP?
Who am I
I assume the fund retains the profits. So ultimately they are for the benefit of pensioners.
Vince Black
Profits from threatening people to pay otherwise have their assets taken. It’s such a scam
Cricky
As the pool of people who are owed a pension die off after a lifetime of payments, the government actively pushing out the retirement age reducing the pension or not increasing it, as cost of living rises of course they claim a profit. Extortion! you sign on pay a substantial amount over your working life then have the minister of finance say hurry up and die, eat cup noddles and work untill your 70?
quercetum
Markets go up and down.
Tom
Hey, my kyousai nenkin was garnished 50% for the Ex, but the Ex will get her own pension...does she get my 50% and 100% of her own?
I have seriously looked and investigated this and cannot get an answer.
I think any profits made should be handed over to all the guys that lost 50% of their pensions.
By the way retirement rocks. Lots of free time for studying, surfing, going out to eat with the wife and lots of travel all over Asia.
Everyone should have that right for retirement. Give the profits back to us!!!!
Tom
Hi Zichi. That part I know already. Kakyunenkin, and Rourei as well.
I still want to know if I get portions back if her own nenkin ends up paying more? Sort of like in the states when one spouse dies...the higher SS gets awarded.
The base portion actually is not a pension per say. It is a given socialism kind of thing. I don't think it is considered a pension even for tax purposes.
Hello Kitty 321
Have they actually realized the profits or is it just on paper, to be wiped out when the stock market crashes next time?
Tom
Good Point Kitty. Similar issue as Warren and Bernie wanting to tax the billionaires. Do you balance it from year to year or do you keep taxing it over and over again yearly?