JBA Submits Request on Defined-Contribution Pension Plans

JBA drafted a written request to improve said pension plans at the Business Committee held on July 16, and submitted it to the Ministry of Health, Labour and Welfare on July 22.The paper lists nine specific requests. The taxation requests are for (1) abolishing the special corporate tax on provisions for retirement pension plans, and (2) raising the contribution limit and permitting matching contributions. The requests for system improvements are for (1) expanding eligible subscribers, (2) loosening requirements for one time payments when a subscriber quits, and (3) abolishing the rule prohibiting concurrent posts.