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Let's Verify Together! Public Pension Glossary

Ministry of Health, Labour and Welfare

Claims Supported by This Source

  1. The pay-as-you-go system is a method of securing the financial resources needed for pension payments from the premium income of the current working generation.
  2. The funded system is a method where individuals accumulate the financial resources they will need to receive their pension in the future during their own working years.
  3. The macroeconomic slide is a mechanism that automatically adjusts the benefit level of public pensions in line with the decline in the working-age population and the increase in life expectancy. While it is in effect, the growth in pension amounts will be lower than the growth in wages and prices.
  4. Fiscal verification is the process of examining the financial health of the public pension system and is conducted at least once every five years.

How to read the verification levels. "Read Through" means the source was read in its entirety. "Bibliography & Abstract Read" means the bibliographic information and abstract were confirmed. "Via Course Material" means the source was referenced through the textbook or course text. The "Text Hash" is the SHA-256 of the main text from the publisher's page, excluding tags and whitespace, used to detect if the source has been modified.