①A pre-effective-date Fund early leaver, etc. or a post-effective-date Fund early leaver, etc. (hereinafter referred to in this Article and the following Article as an "old-age Fund early leaver, etc.") may, where the person has acquired the status as a participant in a defined-benefit corporate pension and the articles of Association of the surviving Pension Fund Association and that defined-benefit corporate pension provide in advance that the reserves for pension benefits or other reserves specified by the articles of Association of the surviving Pension Fund Association (meaning, for a pre-effective-date Fund early leaver, etc., the reserves for pension benefits, and for a post-effective-date Fund early leaver, etc., the reserves; the same applies hereinafter in this Article and the following Article) may be transferred from the surviving Pension Fund Association to the asset management and investment institution, etc. of that defined-benefit corporate pension, apply to the surviving Pension Fund Association for the transfer of those reserves for pension benefits or other reserves; provided, however, that this does not apply where the old-age Fund early leaver, etc. holds the right to receive the old-age pension benefit paid by the surviving Pension Fund Association or the surviving Pension Fund Association old-age benefit under Article 42, paragraph (3) or Article 43, paragraph (3) of the Supplementary Provisions.

②When an application has been made under the preceding paragraph, the surviving Pension Fund Association is to transfer to the asset management and investment institution, etc. of that defined-benefit corporate pension the reserves for pension benefits or other reserves to which the application pertains.

③When the asset management and investment institution, etc. of that defined-benefit corporate pension has received the transfer of reserves for pension benefits or other reserves pursuant to the preceding paragraph, the employer, etc. of that defined-benefit corporate pension is to pay old-age benefits, etc. to that old-age Fund early leaver, etc., using the transferred Funds as the source and as provided by its articles of Association.

④When the surviving Pension Fund Association has transferred reserves for pension benefits or other reserves pursuant to the provisions of paragraph (2), it is relieved of its obligation concerning the payment of the old-age pension benefit, the death lump-sum and other lump-sum benefits, or the surviving Pension Fund Association old-age benefit or the surviving Pension Fund Association survivor benefit under Article 42, paragraph (3) or Article 43, paragraph (3) of the Supplementary Provisions pertaining to that old-age Fund early leaver, etc.

⑤When the employer, etc. of that defined-benefit corporate pension has come to pay old-age benefits, etc. pursuant to the provisions of paragraph (3), it must notify that old-age Fund early leaver, etc. to that effect.