Article 13Treatment of a Qualified Participant of a Corporate-type Pension Plan of Two or More Corporate-type Pension Plans at the Same Time

①If a qualified participant of a corporate-type pension plan of two or more corporate-type pension plans at the same time, the person is not to be a participant of a corporate-type pension plan of the corporate-type pension plans other than the one corporate-type pension plan to be selected by the person, notwithstanding the provisions of Article 9.

②The selection referred to in the preceding paragraph must be made within ten days from the day on which the person qualifies as a participant of a corporate-type pension plan of two or more corporate-type pension plans.

③If the person prescribed in paragraph (1) makes the selection referred to in that paragraph, the person is retroactively deemed not to have been a participant of a corporate-type pension plan of the corporate-type pension plans other than the one corporate-type pension plan selected by the person from the day on which the person became eligible to qualify as a participant of a corporate-type pension plan of two or more corporate-type pension plans.

④If the person prescribed in paragraph (1) does not make the selection referred to in that paragraph, the person is deemed to have selected one of the two or more corporate-type pension plans, pursuant to the provisions of Cabinet Order.

⑤If a participant of a corporate-type pension plan of the first corporate-type pension plan becomes eligible to qualify as a participant of a corporate-type pension plan of a second corporate-type pension plan at the same time, and the person selects the second corporate-type pension plan pursuant to the provisions of paragraph (1), the person becomes ineligible to qualify as a participant of a corporate-type pension plan of the first corporate-type pension plan on the day when the person became a participant of a corporate-type pension plan of the second corporate-type pension plan.

⑥If the person prescribed in paragraph (1) ceases to be a participant of a corporate-type pension plan of the corporate-type pension plan selected pursuant to the provisions of that paragraph, the person acquires the status as a participant of a corporate-type pension plan of a corporate-type pension plan other than that corporate-type pension plan on that day.