Japan eyes revamp of workers insurance scheme

The issue will be discussed by a panel of government experts on the social security system.

Japan is set to discuss expansion on the coverage of employee pensions and health insurance programs in the country, a report by The Japan Times said.

It is set to be discussed by a government panel of experts on Japan’s social security system for all generations.

The government is set to layout direction for the insurance system to cover all workers around June and have it reflected on its honebuto or its basic economic and fiscal policy guidelines.

This follows a round of pension system reform-related bills in May 2022. The government hopes that by October 2024, the public pension programme will be expanded to employees of all businesses with 51 or more personnel. The current requirement stands around 501 or more.

The report revealed that the focus of the discussions will be whether the employee pension coverage can be broadened to all companies regardless of the number of workers.

The focus of coming discussions is expected to be on whether the employee pension coverage can be broadened to all companies regardless of the number of workers.

Providing universal pension and insurance coverage for workers is one of the tasks laid out by the experts’ panel.

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