P5 News
Shonan Tax Office No. 181
October 2004
Social Insurance AgencySocial Insurance Agency has been making lots of problems. One of the problems is that the chief of the Social Insurance Agency was caught. They wasted insurance premium money and paid the pension too much. Moreover, their services are unbelievably poor. They are unstoppable!! Japanese people are sick of the scandals. The government finally made the move. They made a provision for that. For instance, Social Insurance Agency hired a new director general from civilians and established a board.
The price of social security pension went up this year because of the reform. It starts from October 2004. The rate of pension will go up by 0.354% every year. In 2017, the rate would be 18.3%.
The following chart shows how much the rate will go up.
Monthly Standard
300,000Yen
500,000Yen
Until October
20,370Yen
33,950Yen
From October 2004/10/12
20,901
34,835From September 2005
21,432
35,720From September 2008
23,025
38,375From September 2013
25,680
42,800From September 2017
27,804
46,340
