Politics

What is the "Magical" pension system ?

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There is a pension system in Japan.
This is very "magical" because...


 

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Payment date is postponed.

60 years old people got their pension.
But now it is postponed 5 years.
And also government is discussing to postpone it 3 years more.

Pension system does not work.

Pension system does not work because it does not have proper budget.
Its budget is based on young people.
System take fixed amount from young people and pay it to elder people. (It is different charge from tax.)
But now it is population is changed.
There are more elder people than 30 years ago.
So now pension system can't pay properly.

What magical thing will be happened ?

As we read in the panels, in the future the pension will be postponed again.
So some people never get their pension.
"We paid. But we got nothing."
It is magical. OMG!

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