12
March 2016
Currents
By: Dr. Joanie McConnell
Golden Years And Silver
Divorces
Retirement should, at least in
theory, mark the beginning of the
so-called golden years. Unfortunately in many cases, this gilded
myth is buried under the weight
of health issues, financial problems, family responsibilities and
unexpected events.
In Japan, retirees and soon-tobe retirees are concerned about
the possible repercussions of an
“unexpected event.” In 2003, a
new law changed the Japanese
pension system. Effective April
2007, a divorced Japanese wife is
now entitled to receive up to
50% of her former husband's
pension.
This new law has
spawned a surprising number of
what the media call silver
divorces.
To understand the root of
these silver divorces, we must
look at the role of the salary man.
Who is he? For decades, corporations and government offices
have been hiring young men continue ۈ Y