Yayoi Kyuyo Next Updates to Support 'Child and Child-rearing Support Fund' Legal Changes
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Frequently Asked Questions
- Q: What is the 'Child and Child-rearing Support Fund' and when will premium collection begin?
- A: The 'Child and Child-rearing Support Fund' is a new system established to support child-rearing across society as a countermeasure to the declining birthrate. Premium collection is scheduled to begin in April 2026.
- Q: How does Yayoi Kyuyo Next support businesses with the new 'Child and Child-rearing Support Fund' system?
- A: Yayoi Kyuyo Next has been updated to automatically calculate and withhold the 'Child and Child-rearing Support Fund' premiums in accordance with the new legal changes, enabling secure and accurate payroll processing.
- Q: Who is expected to bear the burden of the 'Child and Child-rearing Support Fund' premiums?
- A: The system is designed to be broadly borne by all generations, including the elderly, and by businesses, with premiums collected alongside medical insurance premiums.
- Q: What are some of the anticipated challenges for businesses regarding the 'Child and Child-rearing Support Fund'?
- A: Businesses may find it difficult to understand the system's content and scope, determine how to reflect it in payroll, and face complexity in setup and verification due to varying response methods across different insurance systems.
- Q: Is it mandatory to display the 'Child and Child-rearing Support Fund' on pay slips?
- A: Displaying the 'Child and Child-rearing Support Fund' on pay slips is not legally mandatory, but it is recommended in materials for employers, leading to uncertainty about how to handle and display it.