Double Pension System

Akasaka, who was present, stopped beating around the bush and explained to everyone what a double pension was.

"A so-called double pension means that it accumulates once every fifteen years. As long as you work for thirty years, you can receive two pensions."

The crowd immediately erupted at those words, and people rose from their seats one after another.

After all, no country had ever implemented anything like this.

Afraid they would not understand, Akasaka wrote out the details on the blackboard as he spoke.

"Japan's retirement and social security systems are calculated at 18% of total income, with the company bearing half and the individual bearing the other half."

"For example, if you earn 100,000 yen a month, the company will cover 9,000 yen, while you have to pay the remaining 9,000 yen yourself."

"The pension you receive after retirement is roughly 2.33 times what you paid in."

"In other words, yen multiplied by 2.33 equals yen, which is your total retirement income."

"And you have to work for fifteen full years and wait until you are sixty-five before you can receive a pension."

After finishing the words on the board, Akasaka looked back at the group of men and said calmly, "In short, if you're hoping to get your money back, that's basically impossible. Not even by the time you're eighty."

"Stop dreaming."

The men all lowered their heads. They were not fools; they knew it was impossible to break even under the pension system.

Japan forced everyone to pay into social security as long as they worked. Unless you worked for fifteen years and then lay flat until you could collect your pension, there was no way to break even.

But that was fundamentally impossible, because you still had a family to support. You could not simply