TOKYO, April 1 (Xinhua) — The retirement age for nationwide and native civil employees in Japan was raised Saturday from the present 60 to 61 as the brand new fiscal yr begins.
The transfer got here as a part of the nation’s initiatives to alleviate workforce shortages partly reflecting the nation’s shrinking inhabitants.
For the retirement age to succeed in 65 in fiscal 2031, will probably be elevated by one yr each two years.
Those who retire at 60 will expertise a no-income interval as Japan’s state pension age is elevated to 65, the problem of which is presently dealt with by a re-employment technique.
The Japanese authorities hopes that elder employees may assist youthful colleagues with their experiences by elevating the retirement age.
Meanwhile, consideration is being paid as to if firms within the non-public sector would take comparable strikes, in keeping with native media stories.