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keisanHigh-precision calculations for everyday life and work

Continuation of Employment for Older Workers Benefit (Calculated at 15% prior to the amendment)

Author: sampomichExecutions: 1757

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This is a calculation of the Continued Employment Benefit for Older Workers to address wage declines after age 60.
This calculation is based on the maximum benefit rate of 15% for individuals who were already receiving benefits prior to the April Reiwa 7 amendment.
If you fall into any of the following categories, please use the
“Basic Benefit for Continued Employment of Older Workers” provided by this calculation site instead of this one.
・Born on or after April 2, Showa 40
・Those who met the eligibility requirements for five years of Employment Insurance benefits on or after April 1, R7
・Those who wish to calculate benefit amounts prior to July 31, R6
(Average for the 6 months prior to reaching age 60) Monthly Wage
yen(a)
Payroll Schedule
Monthly Wage Amounts for Those Aged 60 and Older
yen(b)
Benefit Amount yen= b × c Payment Rate %(c)
Upper limit yen(a) Upper limit
Lower limit yen(a) Lower limit
Maximum Payment Amount yen Upper limit of [(b)+benefit amount]
Minimum Amount yenThe following is not provided
This benefit is paid if the monthly wage amount for each month from the month after reaching age 60 through the month of reaching age 65
falls below 75% of the wage amount prior to age 60.
*Please use the calculated values for reference only. No guarantee is provided regarding the results.
(Reiwa 8 July figures)

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