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Bill to reform wager earners' pension plans clears Diet.

Publication: Japan Weekly Monitor
Publication Date: 11-JUN-01
Format: Online - approximately 499 words
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 8 Kyodo

(EDS: ADDING INFORMATION ON PARLIAMENTARY PASSAGE OF BILL)

The Diet on Friday enacted a bill to reform the nation's defined-benefit corporate pension system, to take effect April 1 next year.

The bill cleared the House of Councillors plenary session after earlier passing the House of Representatives.

The bill will give rise to two new pension plans for salaried workers -- a ''contract type'' under which outside managers will manage premiums...

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