①With regard to a specified Fund that filed an application for approval under Article 34, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act before the Effective Date (excluding one that was dissolved before the Effective Date), the provisions of Article 34 of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act (excluding paragraph (2)), the provisions of Articles 35, 36 and 38, Article 39, paragraph (1) and Article 40 of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 33, paragraphs (4) and (5) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act as applied mutatis mutandis pursuant to Article 34, paragraph (6) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 33, paragraph (7) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act as applied mutatis mutandis pursuant to Article 34, paragraph (8) and Article 36, paragraph (8) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 34, paragraph (7) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act as applied mutatis mutandis pursuant to Article 36, paragraph (8) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 114 of the pre-amendment Defined-Benefit Corporate Pension Act as applied mutatis mutandis pursuant to Article 38, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, and the provisions of Article 1-13 of the Supplementary Provisions of the pre-amendment Insurance Business Act as applied mutatis mutandis pursuant to Article 38, paragraph (3) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act remain in force. In this case, the phrase "Association" in Article 39, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act is deemed to be replaced with "the surviving Pension Fund Association prescribed in Article 3, item (xiii) of the Supplementary Provisions of the Act Partially Amending the Employees' Pension Insurance Act, etc. for Ensuring the Soundness and Reliability of the Public Pension System (Act No. 63 of 2013) or the Association prescribed in item (xv) of that Article".

②Where a specified Fund that has received the approval under Article 34, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of the preceding paragraph, has the reduced liability reserve equivalent collected from it pursuant to the provisions of Article 11, paragraph (7) of the Supplementary Provisions, the latter sentence of Article 11, paragraph (7) of the Supplementary Provisions, Article 82, paragraph (1), item (ii) of the Supplementary Provisions and Article 83, paragraph (1) of the Supplementary Provisions do not apply, and with regard to the application of the provisions of Article 34, paragraphs (1), (5), (6) and (8) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remain in force pursuant to the provisions of the preceding paragraph, the phrase "liability reserve equivalent" in Article 34, paragraphs (1), (5) and (8) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act is deemed to be replaced with "reduced liability reserve equivalent"; the phrase "the liability reserve equivalent" in Article 34, paragraph (6) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act with "the reduced liability reserve equivalent"; and the phrase "'paragraph (5) of the following Article', and the phrase 'reduced liability reserve equivalent' is replaced with 'liability reserve equivalent', respectively" in Article 34, paragraph (6) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act with ", 'paragraph (5) of the following Article'".

③With regard to a specified Fund that is in liquidation and for which a grace period for payment was granted before the Effective Date pursuant to Article 34, paragraph (5) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act (hereinafter referred to as a "specified Fund not yet wound up"), the provisions of Article 34, paragraphs (1), (3) and (5) through (8) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Articles 35 through 38 and Article 40 and Article 39, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 33, paragraphs (4) and (5) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act as applied mutatis mutandis pursuant to Article 34, paragraph (6) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 33, paragraph (7) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act as applied mutatis mutandis pursuant to Article 34, paragraph (8) and Article 36, paragraph (8) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 34, paragraph (7) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act as applied mutatis mutandis pursuant to Article 36, paragraph (8) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, the provisions of Article 114 of the pre-amendment Defined-Benefit Corporate Pension Act as applied mutatis mutandis pursuant to Article 38, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, and the provisions of Article 1-13 of the Supplementary Provisions of the pre-amendment Insurance Business Act as applied mutatis mutandis pursuant to Article 38, paragraph (3) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act remain in force. In this case, the phrase "Association" in Article 39, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act is deemed to be replaced with "the surviving Pension Fund Association prescribed in Article 3, item (xiii) of the Supplementary Provisions of the Act Partially Amending the Employees' Pension Insurance Act, etc. for Ensuring the Soundness and Reliability of the Public Pension System (Act No. 63 of 2013) or the Association prescribed in item (xv) of that Article".

④In addition to what is provided for in the preceding three paragraphs, the necessary replacement of terms and other necessary matters regarding the application of the provisions of the pre-amendment Employees' Pension Insurance Act that remain in force pursuant to the provisions of paragraph (1) or the preceding paragraph are specified by Cabinet Order.

①Where the surviving Pension Fund Association performs the business referred to in that paragraph pursuant to the provisions of Article 39, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 27, paragraph (2) of the Supplementary Provisions or paragraph (1) or (3) of the preceding Article, the phrase "these Supplementary Provisions" in Article 92, item (v) of the Supplementary Provisions is deemed to be replaced with "these Supplementary Provisions or Article 39, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 27, paragraph (2), or Article 28, paragraph (1) or (3) of the Supplementary Provisions".

②Where the Association performs the business referred to in that paragraph pursuant to the provisions of Article 39, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 27, paragraph (2) of the Supplementary Provisions or paragraph (1) or (3) of the preceding Article, the phrase "this Act" in Article 121 of the amended Defined-Benefit Corporate Pension Act is deemed to be replaced with "this Act or Article 39, paragraph (1) of the Supplementary Provisions of the Employees' Pension Insurance Act as it stood before amendment by Article 1 of the Act Partially Amending the Employees' Pension Insurance Act, etc. for Ensuring the Soundness and Reliability of the Public Pension System (Act No. 63 of 2013), which remains in force pursuant to Article 27, paragraph (2), or Article 28, paragraph (1) or (3) of the Supplementary Provisions of that Act".

③In addition to what is provided for in the preceding two paragraphs, the necessary replacement of terms and other necessary matters regarding the application of these Supplementary Provisions or the provisions of the amended Defined-Benefit Corporate Pension Act in the cases prescribed in the preceding two paragraphs are specified by Cabinet Order.

①The employer of the establishing place of business of a specified Fund not yet wound up (limited to one that has never been subject to the application of the provisions of Article 36, paragraph (1), item (ii) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 28, paragraph (3) of the Supplementary Provisions; the same applies in this Article and the following Article) (where the specified Fund not yet wound up has been jointly established, each employer that has established it; the same applies in paragraph (7), item (i)) may, with regard to the portion of the liability reserve equivalent (where the specified Fund not yet wound up is to have the reduced liability reserve equivalent prescribed in Article 33, paragraph (3) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act collected pursuant to the provisions of that paragraph, that reduced liability reserve equivalent; the same applies in paragraph (1) of the following Article) that the employer is itself to pay, each prepare a plan for its payment (hereinafter referred to as a "payment plan for a specified Fund not yet wound up"), obtain the consent of the specified Fund not yet wound up, submit the plan to the Minister of Health, Labour and Welfare as provided by Order of the Ministry of Health, Labour and Welfare, and receive approval to the effect that the payment plan for a specified Fund not yet wound up is appropriate.

②The application for the approval under the preceding paragraph may be filed only until the day on which one year elapses, counting from the Effective Date.

③The application for approval under paragraph (1) must, where the employer of the establishing place of business of the specified Fund not yet wound up has jointly established that specified Fund not yet wound up, be filed at the same time by each employer that has established that specified Fund not yet wound up.

④A payment plan for a specified Fund not yet wound up must state the following matters:

⑤When filing the application for approval under paragraph (1), the amount set forth in item (i) of the preceding paragraph stated in the payment plan for a specified Fund not yet wound up must be the amount obtained by deducting the sum of the amounts set forth in item (iii) and item (iv) from the sum of the amounts set forth in item (i) and item (ii):

⑥The adjustment rate referred to in items (ii) and (iv) of the preceding paragraph is a rate determined by the Minister of Health, Labour and Welfare in consideration of the actual investment results of the reserves of the employees' pension account under the pension special account in each fiscal year on or after fiscal year 2005.

⑦When an application for approval under paragraph (1) has been filed, the Minister of Health, Labour and Welfare is to grant the approval if the minister finds that the application meets all of the following requirements. In this case, where the employer of the establishing place of business of the specified Fund not yet wound up has jointly established that specified Fund not yet wound up, the approval of the payment plan for a specified Fund not yet wound up of each employer that has established that specified Fund not yet wound up is to be given at the same time:

⑧When the Minister of Health, Labour and Welfare intends to grant the approval under the preceding paragraph, the minister must first consult with the Social Security Council.