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Posted in: Estimates cast doubt over Japan's public pension sustainability See in context

The Japanese government could improve its pension system by encouraging higher levels of household savings and continuing to increase the level of state pension coverage, since 49 percent of the working age population is not covered by private pension plans. Introducing a requirement that part of the retirement benefit must be taken as an income stream and not a lump sum will improve the overall sustainability of the social security system — as would reducing government debt as a percentage of gross domestic product, as this improves the likelihood that the current level of pension payments can be maintained (source: https://voice-on-growth.mercer.com/en/articles/retire/asia-must-navigate-pensions-crunch.html)

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