Defined Contribution Pension Act

An employer must conclude the contract set forth in any of the following items with regard to the reserve fund to be allocated to benefits (excluding Article 54-2, paragraph (1), Article 62, paragraph (1), item (v), and paragraph (4), item (viii); hereinafter referred to as the "reserve fund") pursuant to the provisions of Cabinet Order:

Pursuant to the provisions of Cabinet Order an asset management institution of a corporate-type pension plan may receive transfer of an amount equivalent to lump-sum withdrawal payment, etc. (an amount equivalent to a lump-sumthe withdrawal payment lump sum (meaning the amount equivalent to a lump-sumthe withdrawal payment lump sum prescribed in Article 81-2, paragraph (1) of the Defined BenefitDefined-Benefit Corporate Pension Act) ; the same applies in Article 62, paragraph (1), item (v), and paragraph (4), item (viii)) of a defined benefit corporate pension plan or the reserve fund (meaning the reserve fund prescribed in Article 59 of that Act; the Defined Benefit Corporate Pension Actsame applies in Article 62, paragraph (1), item (v), and paragraph (4), item (viii)) specified by the rules of the Pension Fund Association; the same applies hereinafter).

the category II insured prescribed in Article 7, paragraph (1), item (ii) of the National Pension Act (excluding a participant of a corporate-type pension plan who makes a participant of a corporate-type pension plan contributionsplan's contribution and other persons specified by Cabinet Order (referred to as a "person, etc. making corporate-type pension plan contributions" in item (v) and paragraph (4), item (vivii)));

a person aged 60 or more and less than 70 who does not fall under any of the persons set forth in the preceding items and who, on the day preceding the day of the request, was a participant of an individual-type pension plan or an instructor of an individual-type pension plan investment, who has made a request for transfer of assets managed per individual under the provisions of Article 82, paragraph (1), who intends to make a request for transfer of an amount equivalent to the withdrawal lump sum under the provisions of Article 82-3, paragraph (1) of the Defined-Benefit Corporate Pension Act, who intends to make a request for transfer of residual assets (meaning the residual assets prescribed in Article 89, paragraph (6) of that Act; the same applies hereinafter) under the provisions of Article 82-4, paragraph (1) of that Act, or who intends to make a request for transfer of the reserve fund under the provisions of Article 91-28, paragraph (1) of that Act (excluding a person, etc. making corporate-type pension plan contributions).

a person who has received a ruling on the right to receive pension benefits based on old agethe old-age basic pension under the National Pension Act orprovisions of the Employees'National Pension Insurance Act or other pension benefits based on old age or retirement, which are specified by Cabinet Order.;

A participant of an individual-type pension plan loses the status as a participant of an individual-type pension plan on the day on which the person comes to fall under any of the following items (if the person comes to fall under item (i), on the day following that day; if the person comes to fall under item (ivv), the first day of the month in which the person became unrequired to pay the premiums; and if the person comes to fall under item (vivii) (limited to a participant of a corporate-type pension plan who makes a participant of a corporate-type pension plan's contribution), the first day of the month in which the person made a participant of a corporate-type pension plan's contribution; and if the person comes to fall under item (viii), the day on which the period specified by Order of the Ministry of Health, Labour and Welfare has passed):

when the person loses the status as an insured of the national pension (excluding the case where the person is a category V participant (meaning a participant of an individual-type pension plan who is the person set forth in paragraph (1), item (v); the same applies hereinafter) on the day on which the person lost that status and the case set forth in the preceding item);

when the person becomes an instructor of an individual-type pension plan investment pursuant toa category V participant reaches the provisionsage of Article 64, paragraph (2)70;

when the person becomes exempted from premium paymentsan instructor of an individual-type pension plan investment pursuant to the provisions of Article 64, paragraph (2);

when the person becomes insured under the farmers pensionexempted from premium payments;

when the person becomes a person, etc. making corporate-typeinsured under the farmers pension plan contributions;

when the person becomes eligible to receive old-age benefits under the individual-typea person, etc. making corporate-type pension plan; or contributions;

when the a category V participant (limited to a person becomes a who intends to make a request for transfer of an amount equivalent to the withdrawal lump sum under the provisions of Article 82-3, paragraph (1) of the Defined-Benefit Corporate Pension Act, a person set forth in who intends to make a request for transfer of residual assets under the provisions of Article 82-4, paragraph (2), item (ii).1) of that Act, or a person who intends to make a request for transfer of the reserve fund under the provisions of Article 91-28, paragraph (1) of that Act) has not made these requests within the period specified by Order of the Ministry of Health, Labour and Welfare after acquiring the status as a participant of an individual-type pension plan;

when the person becomes eligible to receive old-age benefits under the individual-type pension plan; or

when the person has received a ruling on the right to receive the old-age basic pension under the provisions of the National Pension Act.

If a person loses the status as a participant of an individual-type pension plan during the month when the person acquired that status, or loses the status as a participant of an individual-type pension plan by coming to fall under item (viii) of the preceding paragraph, the person is retroactively deemed not to have been a participant of an individual-type pension plan from the day on which the person acquired the status.

A person who loses the status as a participant of an individual-type pension plan due to coming to fall under any of the items of Article 62, paragraph (4) (excluding items (i) and (iiiiv)) (limited to a person who has assets managed per individual under the individual-type pension plan) is to be an instructor of an individual-type pension plan investment.

The provisions of Article 62, paragraph (5) (excluding the part pertaining to a person who has lost the status as a participant of an individual-type pension plan by coming to fall under item (viii) of paragraph (4) of that Article) apply mutatis mutandis to the status as an instructor of an individual-type pension plan investment, and the provisions of the preceding Article apply mutatis mutandis to the case of calculating the period of an instructor of an individual-type pension plan investment period.

The total annual amount of the participant of an individual-type pension plan's contributions (if the small and medium-sized employer makes small and medium-sized employer's contributions, the sum of the amount of the participant of an individual-type pension plan's contributions and the amount of the small and medium-sized employer's contributions; hereinafter the same applies in this Article) must not exceed the maximum contribution amount (meaning the amount specified by Cabinet Order as the maximum total amount of the participant of an individual-type pension plan's contributions that may be made per year, taking into account the category of the participant of an individual-type pension plan (meaning the distinction between a category I participant (meaning ana participant of an individual-type pension plan who is the person set forth in Article 62, paragraph (1), item (i)), a category II participant (meaning a participant of an individual-type pension plan who is the person set forth in item (ii) of that paragraph; the same applies hereinafter), a category III participant (meaning a participant of an individual-type pension plan who is the person set forth in item (iii) of that paragraph), or a category IV participant (meaning a participant of an individual-type pension plan who is the person set forth in item (iv) of that paragraph), or a category V participant), the amount of contribution for a national pension fund, whether the participant of an individual-type pension plan has the status as a participant of a corporate-type pension plan or a defined benefit corporate pension plan, the amount of the employer's contribution, and other factors).

A category II participant makes , and a category V participant who is an insured person covered by the employees' pension insurance, may make the payment referred to in the preceding paragraph through the employer with an EPI-applicable place of business that employs the category II participant, pursuant to the provisions of Order of the Ministry of Health, Labour and Welfare.

If an employer with an EPI-applicable place of business that pays a participant of an individual-type pension plan's contribution pursuant to the provisions of Article 70, paragraph (2) pays a salary in currency to a category II participant in currencyor a category V participant who is an insured person covered by the employees' pension insurance, the employer may deduct the participant of an individual-type pension plan's contribution from the salary.

When an employer with an EPI-applicable place of business has deducted a participant of an individual-type pension plan's contribution pursuant to the provisions of the preceding paragraph, the employer must prepare a calculation sheet concerning the deduction of the participant of an individual-type pension plan's contribution, and give notice of the amount deducted to the category II participant or the category V participant who is an insured person covered by the employees' pension insurance.

The Association may receive transfer of an amount equivalent to lump-sum withdrawal payment, etc. or residual assets (meaning the residual assets prescribed in Article 89, paragraph (6) of the Defined Benefit Corporate Pension Act; the same applies hereinafter), pursuant to the provisions of Cabinet Order.