Japan raises civil service retirement age from 60 to 61

1 Apr. (EUROPE PRESS) –

This Saturday, April 1, the calendar for which the retirement age will be progressively raised from 60 to 65 years has begun to be applied. As of this Saturday the minimum retirement age goes from 60 to 61 years.

The initiative is the Government’s response to the lack of workers and the incipient drop in the total population of the country. For this reason, the retirement age will be raised by one year every two years until 65 will be reached in 2031, reports the Jiji news agency.

In addition, the Government has highlighted that with this measure older employees will be able to share their experience with younger ones and hope that the private sector will adopt similar measures.

The general retirement age is 65, so if the date is brought forward there will be no public pension. For this, a system has already been put in place to employ these people and prevent them from running out of income.