Employee Benefits in Japan Market May See a Big Move
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Employee Benefits in Japan 2020
The Japanese social security system is designed to assure a minimum standard of living to its citizens, as well as protection from social and economic risks. It consists of the following components: a public pension system, health services, and personal social services for the elderly and the disabled, family policy to support working women, employment of senior workers, and public assistance. Japan follows a multi-tier pension system, which includes public and private pension schemes.
The public pension and healthcare systems are comprehensive, covering all citizens of the country. The country’s healthcare system is characterized by a fee-for-service practice and the free choice of healthcare providers. However, personal social services and family policy are the relatively underdeveloped social security fields. In Japan, defined-contribution (DC) and defined-benefit (DB) plans were introduced in 2001. Voluntary private pension plans can take a variety of forms in Japan
The report provides in-depth industry analysis, information and insights of the employee benefits in Japan, including: overview of the state and compulsory benefits in Japan, detailed information about the private benefits in Japan, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Japan.
Japan has a welfare state with a very comprehensive social security system, which covers individuals from risks such as -
- Health risks, which include risks associated with sickness or accident
- Employment risks, including work-related sickness or unemployment
- Life-cycle phenomena such as birth, death, or old age
- Natural risks, including those associated with natural disasters
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This report provides a detailed analysis of employee benefits in Japan -
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Japan
Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in Japan.
- Assess Japan’s employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Japan.
- Gain insights into key organizations governing Japan’s employee benefits, and their impact on companies
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Table of Contents
1 EXECUTIVE SUMMARY
2.1 What is this Report About?
3 COUNTRY STATISTICS
4 OVERVIEW OF EMPLOYEE BENEFITS IN JAPAN
6 STATE AND COMPULSORY BENEFITS
6.1 Retirement Benefits
6.1.4 Payment optio
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