Posted in: DPJ, opposition reach tax deal to end deadlock See in context
reply to basroil although it is sound reasoning to say the government needs to cut wasteful spending, i don't think reducing pension plans would be acceptable not least because of the voting power the older generation have, who are sure to protect their pensions (and who wouldn't?) but also, lowering pensions for people who retire aged 60 and may live on another 20+ years will just put millions of people into poverty. They can only rely on pensions, and for such a long period unless the retirement is raised, and there is a change in Japanese work culture towards accepting elderly people into the workforce
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