(Reuters photo)The Japanese government Friday approved an outline to raise the optional age to start receiving a public pension to age 71 or older in an effort to address the labour shortage in the wake of the falling birthrate and aging society. The government will review the "standardization of life stages according to age categories," the outline said. Currently, a person can receive a pension at any stage between 60 and 70 years old. If a person chooses to start receiving their pension after their 65th birthday, their monthly payments are raised. The government eyes supporting companies raising the age of retirement or extending post-retirement employment.

Source: Bangkok Post February 16, 2018 04:18 UTC