The welfare ministry on Monday presented a proposal to boost basic public pensions in the future by around 30%.
The proposal, shown at a meeting of the pensions subcommittee under the ministry's Social Security Council, calls for raising basic pension benefits by utilizing reserves for the kosei nenkin employee pension program and state funds, to shorten the period in which basic pensions are being reduced under what is known as the macroeconomic slide mechanism.
The biggest obstacle, however, would be whether the country can secure stable financial resources for the measure.
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