①In the case where the government as the executor of employees' pension insurance collects the liability reserve equivalent from the surviving employees' pension Fund pursuant to the provisions of Article 8 of the Supplementary Provisions, collects the reduced liability reserve equivalent from the voluntary dissolution Fund pursuant to the provisions of Article 11, paragraph (7) of the Supplementary Provisions, collects the amount of the reserves for pension benefits, etc. from the voluntary dissolution Fund and, from the employer of its establishing place of business, the amount obtained by deducting the amount of the reserves for pension benefits, etc. from the liability reserve equivalent, respectively, pursuant to the provisions of Article 13, paragraph (1) of the Supplementary Provisions, collects the reduced liability reserve equivalent from the liquidation-type Fund pursuant to the provisions of Article 20, paragraph (3) of the Supplementary Provisions, collects the amount of the reserves for pension benefits, etc. from the liquidation-type Fund and, from the employer of its establishing place of business, the amount obtained by deducting the amount of the reserves for pension benefits, etc. from the liability reserve equivalent, respectively, pursuant to the provisions of Article 22, paragraph (1) of the Supplementary Provisions, and collects the amount set forth in Article 30, paragraph (4), item (i) of the Supplementary Provisions from the employer of the establishing place of business of the specified Fund not yet wound up pursuant to the provisions of Article 31, paragraph (1) of the Supplementary Provisions, the government as the executor of employees' pension insurance may have the surviving Pension Fund Association perform such of the administrative work necessary for such collection and the administrative work relating to the benefits in the form of pensions paid by the government as the executor of employees' pension insurance as is specified by Cabinet Order.

②In the case where the government as the executor of employees' pension insurance collects the liability reserve equivalent from a dissolved employees' pension Fund, etc. pursuant to the provisions of Article 113, paragraph (1) of the pre-amendment Defined-Benefit Corporate Pension Act that remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions (including the case where a surviving employees' pension Fund that has obtained the authorization under Article 32, paragraph (1) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act pursuant to the provisions of Article 32, paragraph (3) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act that remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions performs acts necessary for dissolution (limited to dissolution under the provisions of Article 111, paragraph (3) of the pre-amendment Defined-Benefit Corporate Pension Act that remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions) or acts necessary to become a corporate pension Fund (meaning a corporate pension Fund prescribed in Article 2, paragraph (4) of the amended Defined-Benefit Corporate Pension Act)), the government as the executor of employees' pension insurance may have the surviving Pension Fund Association perform such of the administrative work necessary for such collection and the administrative work relating to the benefits in the form of pensions paid by the government as the executor of employees' pension insurance as is specified by Cabinet Order.

①The surviving Pension Fund Association is dissolved at the time of the establishment of the Association.

②When the surviving Pension Fund Association has been dissolved pursuant to the provisions of the preceding paragraph, it is relieved of its obligations relating to the payment of benefits in the form of pensions and lump-sum benefits to Fund early leavers and members, etc. of a dissolved Fund (hereinafter referred to as "Fund early leavers, etc." in this Article, paragraph (2) of the following Article, and Article 75 and Article 78, paragraph (1), item (ii) of the Supplementary Provisions); provided, however, that this does not apply to the payment of benefits in the form of pensions or lump-sum benefits that should have been paid by the date of dissolution but have not yet been paid, or to the obligation relating to the transfer of reserves for pension benefits, etc. or reserves that should have been transferred by the date of dissolution pursuant to the provisions of Article 53, paragraph (4) or (6), Article 54, paragraph (2), Article 55, paragraph (2), Article 56, paragraph (2), Article 57, paragraph (2), Article 58, paragraph (2), or Article 59, paragraph (2) of the Supplementary Provisions but have not yet been transferred.

③When the surviving Pension Fund Association has been dissolved pursuant to the provisions of paragraph (1), it must, as provided by its articles of Association, distribute its residual assets (limited to those relating to the operations conducted pursuant to the provisions of Article 40, paragraph (1), items (i) and (ii), paragraph (2), items (i) and (ii), and paragraph (3), items (i) and (ii) of the Supplementary Provisions; the same applies in paragraph (5) and Article 75 of the Supplementary Provisions) to Fund early leavers, etc.

④When the surviving Pension Fund Association has been dissolved pursuant to the provisions of paragraph (1), all of its rights and obligations, except for the obligation prescribed in the proviso to paragraph (2) and the obligation to distribute to Fund early leavers, etc. pursuant to the provisions of the preceding paragraph, are succeeded to by the Association at that time.

⑤A surviving Pension Fund Association that is deemed to continue to exist pursuant to the provisions of Article 146-2 of the pre-amendment Employees' Pension Insurance Act as applied mutatis mutandis pursuant to Article 168, paragraph (3) of the pre-amendment Employees' Pension Insurance Act that remains in force pursuant to the provisions of Article 38, paragraph (1) of the Supplementary Provisions may entrust the Association with the administrative work relating to the distribution of residual assets under the provisions of paragraph (3).

⑥Where the Association succeeds to rights pursuant to the provisions of paragraph (4), no registration and license tax is imposed on registration or registry entries accompanying such succession, limited to those received within one year from the date of such succession.

⑦Where the Association succeeds to rights pursuant to the provisions of paragraph (4), real property acquisition tax may not be imposed on the acquisition of the real property relating to such succession.

①Notwithstanding the provisions of paragraph (1) of the preceding Article, the Minister of Health, Labour and Welfare may order the dissolution of the surviving Pension Fund Association if it falls under any of the following items:

②When the surviving Pension Fund Association has been dissolved pursuant to the provisions of the preceding paragraph, it is relieved of its obligations relating to the payment of benefits in the form of pensions and lump-sum benefits to Fund early leavers, etc., defined-benefit corporate pension early leavers, members, etc. of a terminated plan prescribed in Article 89, paragraph (6) of the amended Defined-Benefit Corporate Pension Act, and former corporate-type pension plan participants; provided, however, that this does not apply to the payment of benefits in the form of pensions or lump-sum benefits that should have been paid by the date of dissolution but have not yet been paid, or to the obligation relating to the transfer of reserves for pension benefits, etc. or reserves that should have been transferred by the date of dissolution pursuant to the provisions of Article 53, paragraph (4) or (6), Article 54, paragraph (2), Article 55, paragraph (2), Article 56, paragraph (2), Article 57, paragraph (2), Article 58, paragraph (2), or Article 59, paragraph (2) of the Supplementary Provisions but have not yet been transferred.

The provisions of Article 8 of the Supplementary Provisions apply mutatis mutandis to the case where the surviving Pension Fund Association is dissolved.

①In the case where the government collects the liability reserve equivalent from the surviving Pension Fund Association pursuant to the provisions of Article 8 of the Supplementary Provisions as applied mutatis mutandis pursuant to the preceding Article, the surviving Pension Fund Association is deemed to be a dissolved employees' pension Fund, etc., and the provisions of Article 114 of the pre-amendment Defined-Benefit Corporate Pension Act are followed; in this case, the phrase "at the same time as the application for the approval of the Minister of Health, Labour and Welfare under Article 111, paragraph (2) or the authorization of the Minister of Health, Labour and Welfare under Article 112, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "promptly after dissolution pursuant to the provisions of Article 70, paragraph (1) or Article 71, paragraph (1) 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)", and other necessary technical replacement of terms is specified by Cabinet Order.

②In the case where the surviving Pension Fund Association makes payment in kind pursuant to the provisions of the preceding paragraph in accordance with the provisions of Article 114 of the pre-amendment Defined-Benefit Corporate Pension Act, the surviving Pension Fund Association is deemed to be a dissolved employees' pension Fund, etc., and the provisions of Article 1-13 of the Supplementary Provisions of the pre-amendment Insurance Business Act are followed; in this case, necessary technical replacement of terms is specified by Cabinet Order.

①When the surviving Pension Fund Association has been dissolved, its directors become its liquidators; provided, however, that this does not apply where other persons have been appointed by the board of councillors.

②The provisions of Article 34, paragraphs (2) and (3) of the Supplementary Provisions apply mutatis mutandis to the liquidation of the surviving Pension Fund Association.

③The provisions of Article 34, paragraph (4) of the Supplementary Provisions apply mutatis mutandis to the liquidation of the surviving Pension Fund Association (limited to the case where it was dissolved pursuant to the provisions of Article 71, paragraph (1) of the Supplementary Provisions).

①A surviving Pension Fund Association that has been dissolved pursuant to the provisions of Article 70, paragraph (1) of the Supplementary Provisions may, as provided by its articles of Association, apply to the Association for the delivery of the residual assets that are to be distributed to Fund early leavers, etc. pursuant to the provisions of paragraph (3) of that Article.

②When the Association has received the delivery of the residual assets prescribed in the preceding paragraph, it is to pay benefits in the form of pensions or lump-sum benefits for which old age is the reason for payment to the Fund early leavers, etc. concerned, using the money so delivered as the source of Funds, as provided by Cabinet Order.

③When the Association has received the delivery of the residual assets prescribed in paragraph (1), for the purpose of applying the provisions of Article 70, paragraph (3) of the Supplementary Provisions, such residual assets are deemed to have been distributed to the Fund early leavers, etc. concerned.

④When the Association has come to pay benefits in the form of pensions or lump-sum benefits pursuant to the provisions of paragraph (2), it must notify the Fund early leavers, etc. to that effect.

⑤When the Association cannot give the notice under the provisions of the preceding paragraph because the whereabouts of Fund early leavers, etc. are unknown, it must, in lieu of that notice, give public notice of the matters to be notified.

①The right to receive the benefits in the form of a pension and the benefits in the form of a lump sum under paragraph (2) of the preceding Article that are paid by the Association is determined by the Association, based on a request from the person who holds that right.

②Based on the decision under the provisions of the preceding paragraph, the Association is to pay the benefits in the form of a pension or the benefits in the form of a lump sum under paragraph (2) of the preceding Article to the person who made the request.

The provisions of Article 31, Article 33, Article 34, paragraph (1), Article 35, Article 36, paragraphs (1) and (2) (excluding item (ii)), Article 37, Article 38, and Article 40 of the amended Defined-Benefit Corporate Pension Act apply mutatis mutandis to the benefits in the form of a pension or the benefits in the form of a lump sum under Article 75, paragraph (2) of the Supplementary Provisions that are paid by the Association. In this case, Cabinet Order provides for the necessary technical replacement of terms.

①In addition to the businesses under the provisions of the amended Defined-Benefit Corporate Pension Act, the Association may conduct the following businesses:

②With the approval of the Minister of Health, Labour and Welfare, the Association may conduct the following projects, using the contributions, etc. of employees' pension Funds as the source of Funds:

③The Association may, upon being entrusted pursuant to the provisions of Article 130, paragraph (5) of the pre-amendment Employees' Pension Insurance Act that remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions, conduct part of the business of a surviving employees' pension Fund.