Public Pension Reform: Study and Evaluation of the Government Bill

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  • 公的年金改革――政府案の分析と評価――
  • コウテキ ネンキン カイカク セイフアン ノ ブンセキ ト ヒョウカ

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Abstract

<p>This paper aims at examining the government bill of Public Pension Reform according to the criteria of public policy making and evaluation, and seeking more reasonable alternatives.</p><p>Firstly, it studies the criteria of policy making and evaluation in the field of Public Pension and shows “effectiveness”, “equity”, “efficiency” and “practicality” as specific criteria.</p><p>Secondly, it examine the four major issues of Public Pension Reform, namely, (a) finance of the Basic Pension, (b) finance of the Employees’ Pension, (c) adjustment of benefits and premiums and (d) limited benefits for the upper income brackets, according to four mentioned criteria.</p><p>As a general conclusion, it supports the government bill in the respect of keeping the balance between age-groups by fixing the level of contribution and introducing indexation system based on macroeconomic growth, but it points out the unsolved problem, that is, non-compliance in the National Pension and emergence of no-pension or low-pension people as a result.</p>

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