Japan approves laws to raise retirement age to 70 www.upi.com

The set of laws would raise the maximum retirement age from 65 to 70.
The bills give companies the option of raising the retirement age or allowing employees to work beyond that limit.
The new set of laws would raise the maximum retirement age from 65 to 70.
The Cabinet, though, is not considering increasing the starting age for those receiving a pension.
Japan is expected to face a shortfall of 6.44 million workers by 2030, according to the Chuo University and Persol Research and Consulting.