Retirement age in Japan

 My name is Kazu, and I've been the CEO of a small company in Japan for 15 years. In our company, the aging of employees has become a significant issue. One major factor contributing to this is the gradual increase in the retirement age. Until 2013, most people retired at the age of 60. However, with the implementation of new legislation in 2013, companies were required to secure employment for employees until the age of 65. By 2017, 16% of employees were retiring at the age of 65.

In our company, we would like to give younger employees more opportunities to gain experience, but this has proven to be quite challenging. Furthermore, in 2021, securing employment until the age of 70 became a recommended practice. The number of people leaving the company is lower than the number of new hires, which has become a problem for us. By 2021, the percentage of people retiring at the age of 65 increased to 21%, and the proportion of those retiring at an age older than 66 also grew.

Given the current expenses related to retirement, it's understandable that people want to work as long as they can and earn money while they're able. I find myself caught between two conflicting issues.

転職情報かる・ける編集部. (2023, September 3). 定年退職の年齢は何歳が多い?定年延長の詳細や人事がすべきことを解説. 転職情報かる・ける. https://changejob.karu-keru.com/career/retirement/retirement-age

高齢者. (n.d.). E-ヘルスネット 情報提供. https://www.e-healthnet.mhlw.go.jp/information/dictionary/alcohol/ya-032.html#:~:text=%E5%B9%B4%E9%BD%A2%E3%81%8C%E9%AB%98%E3%81%84%E4%BA%BA%E3%82%92,%E3%82%92%E8%AA%B2%E3%81%97%E3%81%A6%E3%81%84%E3%81%BE%E3%81%99%E3%80%82