When preparing the current state and outlook of finances under the provisions of Article 4-3, paragraph (1), the government is, if it is expected that the finances of the National Pension program will be unable to maintain their balance over the financial equilibrium period while holding the reserve fund (meaning the reserve fund of the National Pension Account of the Pension Special Account; the same applies in Chapter V) necessary to prevent a disruption in the payment of benefits at the end of the financial equilibrium period, to adjust the amount of benefits that are pensions (excluding the additional pension) (hereinafter in this paragraph referred to as the "benefit amount"), and is to specify by Cabinet Order the fiscal year in which the period for adjusting the benefit amount (hereinafter referred to as the "adjustment period") begins.
政府は、第四条の三第一項の規定により財政の現況及び見通しを作成するに当たり、国民年金事業の財政が、財政均衡期間の終了時に給付の支給に支障が生じないようにするために必要な積立金（年金特別会計の国民年金勘定の積立金をいう。第五章において同じ。）を保有しつつ当該財政均衡期間にわたつてその均衡を保つことができないと見込まれる場合には、年金たる給付（付加年金を除く。）の額（以下この項において「給付額」という。）を調整するものとし、政令で、給付額を調整する期間（以下「調整期間」という。）の開始年度を定めるものとする。
When it is found, in the current state and outlook of finances, that the adjustment under the preceding paragraph is no longer necessary, the fiscal year in which the adjustment period ends is to be specified by Cabinet Order.
財政の現況及び見通しにおいて、前項の調整を行う必要がなくなつたと認められるときは、政令で、調整期間の終了年度を定めるものとする。
When the government prepares the current state and outlook of finances during the adjustment period, it must also prepare the outlook for the fiscal year in which the adjustment period ends, and must make this public together with it.
政府は、調整期間において財政の現況及び見通しを作成するときは、調整期間の終了年度の見通しについても作成し、併せて、これを公表しなければならない。
Read this with the articles around it
Adjustment Period
When preparing the current state and outlook of finances under the provisions of Article 4-3, paragraph (1), the government is, if it is expected that the finances of the National Pension program…
政府は、第四条の三第一項の規定により財政の現況及び見通しを作成するに当たり、国民年金事業の財政が、財政均衡期間の終了時に給付の支給に支障が生じないようにするために必要な積立金（年金特別会計の国民年金勘定の積立金をいう。第五章において同じ。）を保有しつつ当該財政均衡期間にわたつてその均衡を保つことができないと見込まれる…
Open this provisionPreparation of the Current State and Outlook of Finances
The government must prepare, at least once every five years, the current state and the outlook over the financial equilibrium period…
政府は、少なくとも五年ごとに、保険料及び国庫負担の額並びにこの法律による給付に要する費用の額その他の国民年金事業の財政に係る収支についてその現況及び財政均衡期間における見通し（以下「財政の現況及び見通し」という。）を作成しなければならない。
Open this provisioncurrent state and outlook of financesmachine translation
「財政の現況及び見通し」
The report the government must draw up at least every five years on the income and spending of the national pension — premiums, the national treasury's share and the cost of benefits — as they stand and as expected over the financial equilibrium period (財政均衡期間) (Article 4-3).
Short name set inArticle 4-3, paragraph (1)
financial equilibrium periodmachine translation
「財政均衡期間」
The period of about 100 years from the year the current state and outlook of finances (財政の現況及び見通し) is drawn up (Article 4-3, paragraph (2)).
Short name set inArticle 4-3, paragraph (2)· applies only in this provision and in Article 16-2, paragraph (1)
benefitmachine translation
「給付」
A benefit under this Act: the old-age basic pension (老齢基礎年金), the disability basic pension (障害基礎年金), the survivors' basic pension (遺族基礎年金), the additional pension (付加年金), the widow's pension (寡婦年金) and the lump-sum death payment (死亡一時金) (Article 15).
Short name set inArticle 15, paragraph (1)
reserve fundmachine translation
「積立金」
In Article 16-2 and Chapter V, the reserve held in the national pension account (国民年金勘定) of the Pension Special Account (年金特別会計).
Defined inArticle 16-2, paragraph (1)· applies only in this provision and in Chapter 5
benefit amountmachine translation
「給付額」
In Article 16-2, paragraph (1), the amount of the pensions under this Act (other than the additional pension (付加年金)), which the government adjusts when the national pension's finances are not expected to stay in balance over the financial equilibrium period (財政均衡期間).
Short name set inArticle 16-2, paragraph (1)· applies only in this paragraph
adjustment periodmachine translation
「調整期間」
The period, whose starting fiscal year a Cabinet Order (政令) sets, during which the government adjusts the amounts of pensions because the national pension's finances are not expected to stay in balance over the financial equilibrium period (財政均衡期間) (Article 16-2).
Short name set inArticle 16-2, paragraph (1)