Bankruptcy Japan Airlines Corp. can serve as an incentive for companies such as Hitachi and Toyota Motor Corp., the largest private employer in Japan to deal with their pension plans in short supply.

Deficit

278 leading Japanese companies on their pension schemes in the 2009th fiscal year amounted to 21.5 trillion. yen ($ 235.7 billion), a 50% increase over the previous year, according to data of the Tokyo Daiwa Institute of Research. Unfunded liabilities amounted Hitachi 1.1 trillion. yen - it is three times the deficit, which led to the bankruptcy of the national airline of Japan.

pension plans suffer from two decades of declining markets, aging, and depending on available staff packages, which do not relate to the performance of companies. Corporations hard earned money in a crisis, and can easily lose them to the pension schemes.

reductions of pension benefits can occur in many Japanese companies, analysts say. Companies falling behind on its obligations by an average of 16%, according to research firm Greenwich Associates. They will send more future earnings to cover the funding gap and at the same time, retirees will be asked to assume part of the burden. Nevertheless, the special fear of the situation has gone - in 2003 the gap between the promise of funding and the real as much as 38%.

Almost 23% of the 126 million people, living in Japan, this year will be over 65 years, compared with 13% in the U.S., according to data compiled by Bloomberg.

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