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May 3 , 2013
Yutaka Seki,
President of Federation of Non-Life Insurance
Workers’ Unions of Japan
"The views expressed in this paper/presentation are the views of the author(s) and
do not necessarily reflect the views or policies of the Asian Development Bank
(ADB), or its Board of Directors, or the governments they represent. ADB does not
guarantee the source, originality, accuracy, completeness or reliability of any
statement, information, data, finding, interpretation, advice, opinion, or view
presented, nor does it make any representation concerning the same."
President of Federation of Non-Life
Insurance Workers’ Unions of Japan
(FNIU)  
  ・ Federation member organizations : 21 unions
     Non-Life insurance companies, Life insurance companies, Claim research
companies and IT system companies             
            
・ Members : about 88,000   
Vice-President, UNI Finance Global
Union
 President, UNI-Apro Finance
1965: the ratio of those of working age(20-
64years old) to that of non – working age (65
years and above) was 9.1
2012: the ratio is currently
2.4
2050: the ratio will be 1.2
number of new born babies
1965:1.82million 2012:1.02million 2050: 560thousand
(10 thousands)
year
Estimated figureActual figure
Population aging rate*
*Population aging rate:
ratio of people 65 years
old or above against the
whole population
Total
population
Under 19
years old
20-64 years
old
65-74 years
old
Over 75
years old
Managed by employees’
pension fund
National Pension
Government
administered
Employee pension
Defined Benefit Corporate
Pension Defined
Contribution
corporate
PensionEmployees’
pension fund
Public
pension
Corporate
pension
Management
company
Trust Bank
Bond market
etc.
Employees’ pension
fund company
Employee
recipients
Pension and lump-sum
payment
premiums premiums
Discretionary
investment contract
Trust funds
Investment
gains
Investment
gains
Instruction on
investment
investment
Japanese pension system and its challenges by yutaka seki

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Japanese pension system and its challenges by yutaka seki

  • 1. May 3 , 2013 Yutaka Seki, President of Federation of Non-Life Insurance Workers’ Unions of Japan "The views expressed in this paper/presentation are the views of the author(s) and do not necessarily reflect the views or policies of the Asian Development Bank (ADB), or its Board of Directors, or the governments they represent. ADB does not guarantee the source, originality, accuracy, completeness or reliability of any statement, information, data, finding, interpretation, advice, opinion, or view presented, nor does it make any representation concerning the same."
  • 2. President of Federation of Non-Life Insurance Workers’ Unions of Japan (FNIU)     ・ Federation member organizations : 21 unions      Non-Life insurance companies, Life insurance companies, Claim research companies and IT system companies                           ・ Members : about 88,000    Vice-President, UNI Finance Global Union  President, UNI-Apro Finance
  • 3. 1965: the ratio of those of working age(20- 64years old) to that of non – working age (65 years and above) was 9.1 2012: the ratio is currently 2.4 2050: the ratio will be 1.2 number of new born babies 1965:1.82million 2012:1.02million 2050: 560thousand
  • 4. (10 thousands) year Estimated figureActual figure Population aging rate* *Population aging rate: ratio of people 65 years old or above against the whole population Total population Under 19 years old 20-64 years old 65-74 years old Over 75 years old
  • 5. Managed by employees’ pension fund National Pension Government administered Employee pension Defined Benefit Corporate Pension Defined Contribution corporate PensionEmployees’ pension fund Public pension Corporate pension
  • 6. Management company Trust Bank Bond market etc. Employees’ pension fund company Employee recipients Pension and lump-sum payment premiums premiums Discretionary investment contract Trust funds Investment gains Investment gains Instruction on investment investment