Supplementary Provisions, Article 3Special Provisions on the Rate Specified by Cabinet Order That Serves as the Basis for Revising the Revaluation Rate for Each Fiscal Year under Article 11, paragraph (2) of the Supplementary Provisions of the Employees' Pension Insurance Act

In a fiscal year in which Article 31 of the Supplementary Provisions of the Act Partially Amending the National Pension Act, etc. (Act No. 104 of 2004) applies to the revision of the revaluation rate (meaning the revaluation rate prescribed in Article 43, paragraph (1) of the Employees' Pension Insurance Act (Act No. 115 of 1954)) applicable to a beneficiary of insurance benefits in the nature of pensions under that Act who reaches the age of 65 in that fiscal year, notwithstanding Article 6-6 of the Order for Enforcement of the Employees' Pension Insurance Act, the rate specified by Cabinet Order that serves as the basis for revising the revaluation rate for each fiscal year under Article 11, paragraph (2) of the Supplementary Provisions of the Employees' Pension Insurance Act is 1 (or, if the national consumer price index on a yearly average basis prepared by the Ministry of Internal Affairs and Communications (hereinafter referred to as the "price index") has fallen below the price index of 2005 (or, if the rate specified by Cabinet Order prescribed in Article 27 of the National Pension Act prior to the amendment by Article 1 of the Act Partially Amending the National Pension Act, etc., as replaced pursuant to Article 7, paragraph (2) of the Supplementary Provisions of that Act, has been revised, the year preceding the most recent year in which that revision was made), the rate of that decline).