Employee Benefits in Japan 2021

The Japanese social security system is designed to assure a minimum standard of living to its citizens, as well as protection from social and economic risks. It consists of the following components: a public pension system, health services, and personal social services for the elderly and the disabled, family policy to support working women, employment of senior workers, and public assistance. Japan follows a multi-tier pension system, which includes public and private pension schemes. The public pension and healthcare systems are comprehensive, covering all citizens of the country. The country’s healthcare system is characterized by a fee-for-service practice and the free choice of healthcare providers. However, personal social services and family policy are the relatively underdeveloped social security fields. In Japan, defined-contribution (DC) and defined-benefit (DB) plans were introduced in 2001. Voluntary private pension plans can take a variety of forms in Japan.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Japan, including an overview of the state and compulsory benefits in Japan, detailed information about the private benefits in Japan, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Japan.

The Ministry of Health, Labor, and Welfare (MHLW) governs the entire Japanese social security system. The other bodies to which the MHLW provides guidance are –

– Minister’s Secretariat

– Health Policy Bureau

– Health Service Bureau

– Pharmaceutical and Food Safety Bureau

– Labor Standards Bureau

– Employment Security Bureau

– Human Resources Development Bureau

– Equal Employment, Children and Families Bureau

– Social Welfare and War Victims’ Relief Bureau

– Health and Welfare Bureau for the Elderly

– Health Insurance Bureau

– Pension Bureau

– Director-General for Policy Planning and Evaluation

– Affiliated Institutions

– Councils

– Regional Bureaus

– External Bureaus

Scope

This report provides a detailed analysis of employee benefits in Japan –

– It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

– It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits

– It highlights the economic and regulatory situations relating to employee benefits in Japan

Reasons to buy

– Make strategic decisions using in-depth information related to employee benefits in the country

– Assess employee benefits of the market, including state and compulsory benefits and private benefits

– Gain insights into the key employee benefit schemes offered by private employers in the country

– Gain insights into key organizations governing employee benefits market, and their impact on companies

Table of Contents

Table of Contents

1. Executive Summary

2. Introduction

2.1 What is this Report about?

2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in Japan

5. Regulations

6. State and Compulsory Benefits

6.1 Retirement Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.2 Death in Service

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.3 Long-Term Disability Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.4 Short-Term Sickness Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.5 Medical Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.6 Workers’ Compensation insurance

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.7 Maternity and Paternity Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.8 Other Benefits

– Family Benefits

– Long-Term Care Benefits

– Unemployment Benefits

– Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Medical Benefits

7.4 Disability Benefits

7.5 Accidental and Dismemberment Benefits

7.6 Other Benefits

About GlobalData

Contact Us

List of Tables

List of Tables

Table 1: Insurance Industry Definitions

Table 2: Japan – Country Statistics

Table 3: Japan – NHI Refunds

Table 4: Japan – Minimum Daily Benefit

Table 5: Japan – Public Holidays 2021

List of Figures

List of Figures

Figure 1: Japan – Main Institutions of Social Security System

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2745

Join our mailing list

Saved reports