16.7.20 7.24 Yoshihara 1
Yoshihara 2
Yoshihara 3
Yoshihara 4
14 1 3 2 Yoshihara 5
7,000 7,000 2,900 2,900 40 40 66,400 66,400 20034 20034 132,800 132,800 40 40 236,000 236,000 65 65 61 61 2001 2001 2013 2013 60 60 65 65 60 60 2006 2006 2018 2018 60 60 65 65 2013 2025 2013 2025 60 60 65 65 2018 2018 2030 60 65 2030 60 65 Yoshihara 6
13,300 13.58 13.58 42 42 15 15 5.0 5.0 21 21 7.0 7.0 26 26 20 20 190 190 140 140 Yoshihara 7
15 3 ( 16 4 ) 1 2,237 3.5 9.5 2.8 13,300 2 3,628 3 1,124 6,989 7,046 2,212 3.16 5.9 15 3 ( ) ( ) ( ) ( ) ( ) ( 16 4 ) ( 16 ) % 3,214 1,015 3.17 17.4 28.8 132.1 4.7 13.58 60 110 61 1.81 22.8 1.9 8.7 4.6 14.38 57 318 147 2.16 23.6 4.8 37.5 7.6 12.96 62 60 43 8 5.60 22.0 0.3 3.2 9.8 10.46 57 3,686 1,230 3.00 18.3 35.8 Yoshihara 8
29 5 19 115 29 5 29 16 60 70 3158 13 12 47 6.79 7.48 7.845 7.775 7.61 13.58 14.96 15.69 15.55 15.22 6.79 7.48 7.845 7.775 7.61 13 65 7.1251000 + 229,300 18 20 2 1 229,300 3 76,400 {1,676 + 7.125 1 60 65 1000 } + Yoshihara 9
1 1.25 + 2 + 3 597,800 2 1,195,600 34 35 1 40 65 597,800 5 2 1 2 3 Yoshihara 10
34 4 16 141 36 4 1 1 20 60 2 3 2 3 2 20 60 3340 1 3 13 1 13,300 400 2 3 13 14 1 2 + 3 + 3 25 65 804,200 480 200 Yoshihara 11
1 1 996,300 + 2 797,000 + 13 18 220 20 20 2 1 229,300 3 1 76,400 1797,000 + 18 2 13 20 2 1 229,300 3 1 1 76,400 2 60 65 797,000 + 2 229,300 3 3 1 76,400 1 1 10 65 34 60 65 1 3 12 32 3 8,500 Yoshihara 12
33 5 1 128 33 7 1 23 69 111 3 13 7.19 14.38 7.19 13 65 { 7.1251000 65 + 1.4251000 } 0.991+ 229,300 18 65 20 2 1 229,300 3 1 76,400 {1,676 + 7.125 1 1000 + 1.425 60 65 1000 } 0.991 + Yoshihara 13
1 1.25 + 2 + 3 597,800 2 1,195,600 34 40 65 1 597,800 2 5 3 1 2 3 Yoshihara 14
37 98152 28 821 245 37 12 1 29 11 79 321 13 41 13 6.48 5.23 12.96 10.46 6.48 5.23 13 13 14 4 Yoshihara 15
Yoshihara 16
Yoshihara 17
16 16 12 Yoshihara 18
1 1 13.58 13.58 18.30 18.30 29 29 0.354 0.354 13,300 13,300 16,900 16,900 29 29 280 280 2 2 0.6 0.6 0.3 0.3 50 50 50.2 35 40 40 59.3 59.3 23.3 23.3 27.9 Yoshihara 19
3 3 13 13 12 12 21 21 16.3 16.3 16 16 5.7 5.7 2.7 2.7 470 5 5 Yoshihara 20
6 7 34 14 8 Yoshihara 21
1 2 3 4 5 Yoshihara 22
Yoshihara 23
1923 17 13 45 50 5070 55100 2 Yoshihara 24
1937 1939 15 50 3 15 1941 17 10 55 50 20 15 3 2510020 1 1100 1210 641000 10 Yoshihara 25
1944 5 4 1101000 1945 Yoshihara 26
9 11 100 21 22 100 200 62 65 26 34 1 55 56 28 37 1 57 60 28 39 31 37 26 32 53 71 10 15 7 10 79 76 30 1,630 4,820 5,000 10,910 7 32 38 14 31 36 Yoshihara 27
1947 194748 301000 1949 1950 195 S27 Yoshihara 28
1953 13() 27 1954 2,000 51000 55 60 40 35 15 10 15 8,000 18,000 301000 5 55 1955 Yoshihara 29
1956 24 24 27 204055 10 1957 1958 5 S34.1 S34.10) 204055 11.5 10 2040 55 15 Yoshihara 30
337 12 2410 317 237... 3411 34101 208 2512 Yoshihara 31
S 34.4 1959 9,000 4,200 41 45.7 1,200 900 36.4 2059 65 10 1,000 25 2,000 40 3,500 2034 100 3559 150 12 Yoshihara 32
34.11 70 50 1,000 70 1,500 1,000 1960 18,000 36,000 51000 61000 301000 351000 1961 1 2,000 2 3 4 5 6 Yoshihara 33
1963 90( 1964 10 15 55 57.5 45 42.5 Yoshihara 34
30 60 8,402 18,343 13,391 4 3,541 13,457 24,375 14,281 4.4 3,530 18,670 39,360 34,670 203 7,736 22,522 75,867 64,823 534 14,400 24,003 122,545 105,747 793 38,546 23,893 177,213 141,376 1,054 56,021 25,445 263,386 220,444 2,058 101,349 27,234 317,091 270,435 3,318 122,002 Yoshihara 35
2,000 250 1965 36 61000 101000 65 8 351000 551000 301000 391000 15 20 1 1968 1 GNP 2 1969 250 400 45 329 1 400 1,000 60 65 18,000 2 8 551000 641000 391000 481000 Yoshihara 36
1970 7.1740 400 460 1971 1972 1973 60 62 460 1,000 1,000 2,000 5 60 65 641000 761000 481000 581000 Yoshihara 37
258,000 20,000 105,000 12,500 52,500 5,000 + 16.1 21.8 1976 1976 1,000 1,650 13.6 2,400 6,000 25,000 2520,000 32,500 1012,500 20,500 58,000 15,000 12,000 13,500 Yoshihara 38
1979 55 60 1980. 1,650 2,050 19.8 7,000 17,500 911000 1061000 731000 891000 2532,500 42,000 1020,500 26,550 515,000 22,600 20,000 22,500 Yoshihara 39
S507.9 S559.1 S6010.3 S509.49 S5512.41 S6013.91 1975 3 5 2 65 1976 Yoshihara 40
1982 1983 70 7 1984 Yoshihara 41
1985 40 1 5 10 23 13 40 68 173,200 32 69 2,400 1,250 101000 7.51000 1241000 1131000 65 55 60 6,800 3 1.51000 7060 Yoshihara 42
Yoshihara 43
Yoshihara 44 110 100 90 80 70 60 50 40 30 20 10 0 113,800 45 55 138,500 68 74 173,100 187,900 83 211,100 97 245,200 277,000 109 40 40 32 25 20 25 40 100 254,000
15,000 61 32 81,300 25.4 10100032 76,800 2,400 32 76,200 25.4 7.5100040 50,000 50,000 40 173,100 68 176,200 69 Yoshihara 45
1987 S60 3 1989 10 12 60 65 15 12 60 65 5 Yoshihara 46
1889 2 7 1,000 1991 1992 202525.8 205028.2 1.45 () 1.80 () 2.09 () 1993 15 56 Yoshihara 47
1994 60 65 13 2560 65 18 3060 65 60 64 65 65 1651000 61731000 8 H9 Yoshihara 48
1996 15 15.165 1,900 H9.4 NTT 1997 202527.4() 205032.3() 1.38 () 1.61 () 1.85 () Yoshihara 49
2000 5 26 1 23 2 20 4 60 20 2 5 7.51000 7.1251000 60 65 20132025 20182030 17.35 13.58 70 12 10 13 12 Yoshihara 50
2001 H14.4 2002 202528.7() 205035.7() 1.10 () 1.39 () 1.63 () Yoshihara 51
2034 35 17. 6 6.4 36. 4 100 150 19.10 11.0 42. 1 200 250 22. 9 9.4 6.8 44. 1 250 300 23. 8 3.0 3.0 45. 7 450 29. 5 3.0 47. 7 550 3.0 35. 5 3.5 49. 1 900 40. 5 5.5 3.9 50. 1 1,100 44.11 6.2 4.6 51. 4 1,400 46.11 6.4 4.8 52. 4 2,200 48.11 7.6 5.8 53. 4 2,730 51. 8 9.1 7.3 54. 4 3,300 55.10 8.9 55. 4 3,770 56. 6 9.0 56. 4 4,500 57. 6 10.6 9.1 57. 4 5,220 58. 6 9.2 58. 4 5,830 59. 6 9.3 59. 4 6,220 60.10 11.3 60. 4 6,740 61.10 11.45 61. 4 7,100 62.10 12.4 11.6 62. 4 7,400 63.10 11.75 63. 4 7,700.10 11.9. 4 8,000 2. 1 14.3 13.8 2. 4 8,400 3. 1 14.15 3. 4 9,000 4. 1 14.3 4. 4 9,700 14.5 5. 1 14.45 5. 4 10,500 6. 1 14.5 6. 4 11,100 6.11 16.5 7. 4 11,700 8.10 17.35 8. 4 12,300 13.58 9. 4 12,800 10. 4 13,300 Yoshihara 52
(a) b (a) (b) 40 1 44 2 20 1.0 2.5 2.8 36 24 4 2.0 3.8 4.5 45 48 27 5.2 5 8.5 8.5 62 51 28 60 9.0 13.6 14.1 64 55 30 60 13.6 20.1 19.9 68 60 40 60 17.6 25.4 25.4 69 19.7 28.8 28.8 69 6 40 23.1 34.0 68 33.7 12 5 40 36.7 23.8 36.0 40.1 59 Yoshihara 53
48 16.1 23.4 15.39 18.9 49 16.1 21.8 23.8 29.64 24.8 50 21.8 10.4 38.1 10.85 17.0 51 9.4 10.7 6.94 12.4 52 9.4 6.7 7.0 6.92 9.3 53 6.7 3.4 7.1 3.84 6.8 54 3.4 4.8 3.6 3.70 5.9 55 7.8 3.5 4.61 5.9 56 7.8 4.0 4.4 5.23 5.3 57 4.0 2.4 5.0 0.00 4.9 58 0.0 1.9 0.0 2.03 3.4 59 2.0 2.2 2.0 3.37 3.5 60 3.4 1.5 3.4 7 5.74 3.1 61 0.6 2.7 3.8 2.31 2.5 62 0.6 0.1 0.6 1.47 2.0 63 0.1 0.7 0.1 2.35 4.0 2.3 3.11 3.9 2 2.3 3.1 2.3 3.67 4.0 3 3.1 3.3 3.1 3.71 4.0 4 3.3 1.6 3.3 2.87 2.5 5 1.6 1.3 1.6 1.92 1.5 6 0.7 1.18 2.0 7 0.7 0.1 0.7 0.90 1.5 8 0.0 0.1 0.0 0.95 1.4 9 0.0 1.8 0.0 1.02 1.3 10 1.8 0.6 1.8 0.76 0.3 11 0.3 0.28 0.0 12 0.0 0.7 0.0 0.12 1.1 13 0.0 0.7 0.0 0.08 0.8 14 0.0 0.9 0.0 2.03 1.1 15 0.9 0.9 1.07 Yoshihara 54
Yoshihara 55 A B C D..................................................................................................... -. -.................................................................................................................... -..................................................................... -.................
Yoshihara 56
1935 12.4 2 65 2003 2027 67 Yoshihara 57
Social Security Act1935 1983 15,280 2002 4,618 2002 890 1 4 40 65 2003 2027 67 6267 50 815 2001 1,410 2003 AIME 606 0.90+ 606 3,653 0.32+ 3,653 0.15 AIMEaverage indexed monthly earnings 2162 35 60 AIME 3 2003 12.40 12.40 87,000 1996 25,000 32,000 50 34,000 44,000 85 Yoshihara 58
2 01 Yoshihara 59
2 SERPS 2 SERPS 1946 1975 SERPS 1999 S2P 2,795 2000 1,104 2000 65 60 2010 2020 65 90 1 2003 89 52 21 1 17 20 1.6 20 2002 75.50 { 1.25} 120.70 25 { +1986 2000 10 20 } 2002 89585 10.00 89 12.20 89585 8.40 89585 9.20 89585 11.60 4,0254,615 2.00 4,61530,420 7.00 6.85 1 Yoshihara 60
1937 1999 2 18.5 2.5 16 1954 Yoshihara 61
5.86 1997 13 1 1997 18.5 16.94 7.5 2003 289,500 16 2.5 Notional Defined ContributionNDC 0.96 14 4000 2 1957 9 5 99 37,200SEK 15 65 60 65 40 1 140 30 1 130 7.5 Yoshihara 62
1.6 65 61 1 0.5 0.7 61 141234 61 65 1.26 2.13 3 3 Yoshihara 63
2001 0.5 19.5 20 30 2001 2020 20 2030 22 2034 65 67 Yoshihara 64
1911 1911 2,017 2,249 1999 1,140 2000 5 60 65 62 1 0.3 35 63 65 3 Individual Earnings Points Pension Factor Current Pension Value 1 0.6 0.6667 1 2002 25.31406 22.06224 19.5 3 2003 2003 5,100 4,250 2001 24 2,680 12 Yoshihara 65
60 6.55 8.20+ 1.60 Yoshihara 66
1945 1,494 1999 968 1999 1 60 40 50 160 25 65 50 40 65 25 1.25 160 3 10 65 609.80 1974 6.55 8.20 1.60 2002 28.224 2.352 1991 1997 3.4 Yoshihara 67
Yoshihara 68
Yoshihara 69
Yoshihara 70
Yoshihara 71.. 7 7................ 65. 1975. 2002 65. 1975. 2002
( ) Yoshihara 72
1 1 5 1 Yoshihara 73
Yoshihara 74
Yoshihara 75
Yoshihara 76
Yoshihara 77
86.47 141 TFR1.39 TFR1.63 TFR1.10 TFR1.61 80.95 89.22 79.43 12(2000) 37(2025) 62(2050) 12,693 12,774 18(2006) 12,114 10,059 12,693 12,815 21(2009) 12,404 10,825 12,693 12,689 12,748 12,778 16(2004) 19(2007) 11,776 12,091 9,203 10,050 65 12(2000) 37(2025) 62(2050) 17.4 28.7 35.7 17.4 28.0 33.1 17.4 29.5 39.0 17.2 27.4 32.3 Yoshihara 78
1,490 2,204 1,065 2,874 3,456 733 3,477 535 3,633 411 3,586 345 7,884 8,590 306 7,157 8,638 6,000 8,167 4,966 7,445 4,210 6,958 3,781 6,099 5,389 2,358 2,638 2,943 2,807 2,482 2,751 2,249 1,851 1,707 1,510 1,323 1,202 1,084 2000 141 Yoshihara 79
69.0 69.5 67.4 67.9 64.2 64.1 58.7 58.5 59.7 60.0 59.2 1564 55.8 53.6 36.6 36.7 35.4 33.2 35.7 30.0 29.6 27.8 23.9 23.5 22.5 65 18.2 17.3 12.2 11.3 11.0 10.8 9.1 7.1 4.8 4.8 4.9 5.7 14.6 12.1 13.4 014 2000 141 Yoshihara 80
Yoshihara 81 1 270 4.32 136 1.58 2 209 2.14 2002 14 115 1.32 15 49 1
2025 2050 77.64 79.43 80.95 84.62 86.47 89.22 12,718 2007 2006 12,778 12,734 2025 12,581 12,091 12,114 2050 11,151 10,050 10,059 2,284 2025 3,244 3,312 3,473 2050 3,142 3,254 3,568 18.0 2025 25.8 27.4 28.7 2050 28.2 32.3 35.7 1.33 1.451.802.09 1.381.611.85 1.101.391.63 4.90 13.8 16.8 2.14 1.96 1.72 118 81 67 19.821.6 22.424.8 13.58 2025 1/21/3 1/21/3 18,500 21,600 13,300 2025 25,200 29,600 Yoshihara 82
1 14 1 4 14 7. 2000 2050. 60 64... 30 34.. 2 5 14 1 15 16 17 18 19 20 21. 0.3 0.2 0.5 1.2 1.5 1.9 1.0. 0.0 0.6 1.3 2.0 2.3 2.7 2.1 0.30.80.80.80.80.81.1 3 14 1 0.8 0.9 1.6 2.3 2.6 3.0 3.1 0.80.30.30.30.30.31.1 2000 2050.... 6 Yoshihara 83
Yoshihara 84
Yoshihara 85
Yoshihara 86
12 3 Yoshihara 87
19 Yoshihara 88
Yoshihara 89