4        Realization of Meaningful,
      Secure Employment for Workers    


IV. Workers' Property Accumulation Promotion System

A. Property Accumulation Savings System
B. Property Accumulation Benefit System/Property Accumulation Fund System
C. Property Accumulation Utilization Grant and Subsidy System
D. Administrative Duties Outsourcing System
E. Property Accumulation Loan System

Under the Workers' Property Accumulation Promotion System, workers save money through their employers with the aim of stabilizing their livelihood after retirement, acquiring housing and accumulating other property. Employers and the National Government in line with the Law provide support for the Promotion of Workers' Property Accumulation.

A. Property Accumulation Savings System

1. General property savings are not restricted in terms of how they are used.
2. Property accumulation pension savings provides for pension payments after the age of 60.
3. Property accumulation housing savings provides for the acquisition and improvement of housing, etc.
Interest, etc. is tax-deductible up to a certain combined amount for property accumulation pension savings and housing savings.

B. Property Accumulation Benefit System/Property Accumulation Fund System

Under these systems, employers contribute up to 100,000 per year to assist workers engaged in property savings.
      For small and medium enterprise employers making contributions under these systems, there is a property accumulation grant system that provides a certain amount of assistance, and an establishment subsidy system providing assistance when a fund is set up.

C. Property Accumulation Utilization Grant and Subsidy System

This system involves a subsidy from the national government to employers who pay workers a certain amount of grant money for cases when the worker uses some of the money form the general property savings as funds to pay the costs of a special purpose (child care, family care, education, etc.) item.

D. Administrative Duties Outsourcing System

This system allows small and medium enterprise owners to outsource the administrative duties related to property accumulation savings and other similar programs to a small and medium enterprise organization (administrative duties outsourcing organization).

E. Property Accumulation Loan System

1. Private housing and lot loans are extended to employers that construct or purchase housing for sale to workers making property accumulation savings.
2. Private housing loans are extended to workers making property accumulation savings to acquire a house.
3. Residential loans for common corporate residences are extended to employers that build housing such as dormitories for workers.
4. Educational loans necessary for workers' or their children's education are provided to those making property accumulation savings.


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