The seheduled increase in the pension age and the effect o job security measures for the elderly in supporting their subsistence

This thesis looks into how elderly people in their early 60s pay their cost of living, through an analysis of how necessary it will be for them to earn incomes when the pension age is raised to 65 as scheduled, as well as examining the effect of job security measures for the elderly (raising the mandatory retirement age, continued employment including re-employment and extension of the term of employment, and abolishing the mandatory retirement system). According to the results of the analysis, it is estimated that when the pension age is raised to 65, the incomes of a certain portion of elderly people will fall short of their cost of living, and they will need some support to make up for this shortage. If job security measures for the elderly are adopted more widely and the employment rate among elderly people rises accordingly, their earned income levels will increase, leading to a decrease in the number of elderly people who suffer a shortage of income. This positive effect is expected to be greater if, among those job security measures for the elderly, reforms to the retirement system, that is, raising the mandatory retirement age or abolishing the mandatory retirement system, become more common. Toward achieving this, it is necessary to ensure that all enterprises adopt job security measures for the elderly aged up to 65 and guarantee job opportunities for all applicants who wish to continue to work until the age of 65.