An increasing number of companies are withdrawing from the Employees Pension under the guise of bankruptcy, an indication the safety net for employees is increasingly coming under threat.
"It was the last resort to carry on our business," the owner of a Tokyo-based printing company said.
Faced with financial difficulty, "I had no choice but to dissolve the company" in September 2001 to avoid paying premiums to the Employees Pension, he said.
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