August 02, 2011

Japanese customers see their retirement money in defined benefit plans which make up 60% of all plans according to study

“Defined-benefit plans make up 60 percent of Japan's corporate retirement funds, Clifford said. About 4 percent of assets are invested in defined contribution or 401(k) programs, which only became legal in 2001 and have a cap of ¥25,500 per month.”



Source: JAL may spark major revamp in pension finance
Change critical if other firms to avoid carrier's underfunded fate
By JASON CLENFIELD and TOMOKO YAMAZAKI
Bloomberg
Friday, Jan. 22, 2010
http://search.japantimes.co.jp/cgi-bin/nb20100122n3.html

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