This Act comes into effect on April 1, 2022; provided, however, that the provisions set forth in the following items come into effect on the dates specified in those items:

①The government is to, promptly after this Act comes into effect, taking into account the status of the enforcement, etc. of the respective Acts as amended by this Act, from the viewpoint of further advancing efforts to make the public pension system a system that is sustainable over the long term, further strengthening the guarantee function in response to changes in social and economic conditions, and securing fairness between and within generations, review the matters listed in the items of Article 6, paragraph (2) of the Act on the Promotion of Reform to Establish a Sustainable Social Security System (Act No. 112 of 2013), the strengthening of the income redistribution function of the public pension system, and other necessary matters (excluding the matters specified in the following paragraph and paragraph (4)) concerning the public pension system and systems related to it, and take necessary measures based on the results of that review.

②The government is to, based on the current state and outlook of finances prescribed in Article 4-3, paragraph (1) of the National Pension Act and the current state and outlook of finances prescribed in Article 2-4, paragraph (1) of the Employees' Pension Insurance Act, and other matters, that are prepared for the first time on or after the date of promulgation of this Act, review the scope of application of Employees' Pension Insurance and Health Insurance, and take necessary measures based on the results of that review.

③The review under the preceding two paragraphs is to be conducted based on the fact that, in the current state and outlook of finances prescribed in Article 4-3, paragraph (1) of the National Pension Act and the current state and outlook of finances prescribed in Article 2-4, paragraph (1) of the Employees’ Pension Insurance Act to date, the outlook for the adjustment period prescribed in Article 16-2, paragraph (1) of the National Pension Act has become longer compared to the outlook for the adjustment period prescribed in Article 34, paragraph (1) of the Employees’ Pension Insurance Act, and it has been shown that the portion corresponding to the amount listed in Article 2, paragraph (1), item (i) of the Supplementary Provisions of the Act Partially Amending the National Pension Act, etc. (Act No. 104 of 2004), within the ratio of the amount obtained by adding the amount listed in item (i) of that paragraph and the amount listed in item (ii) of that paragraph to the amount listed in item (iii) of that paragraph, has decreased.

④The government is to, based on the status of the increase in the proportion of employed persons among category 1 insured persons of National Pension, and the actual state of work and childcare of persons who work in ways not based on employment, conduct a review of the need for consideration for the premium burden pertaining to the childcare period of category 1 insured persons of National Pension, and, in the case where measures are to be taken with regard to that childcare period, the content of those measures and how to secure financial resources for them.

⑤The government is to, from the viewpoint of enhancing, including by ensuring that support for it can be received fairly, when the people make voluntary efforts to secure income in old age, conduct an overall review, including of tax measures, of the requirements for enrollment in an individual-type defined contribution pension and a National Pension Fund, the contribution limit amount pertaining to an individual-type defined contribution pension, and the scope of small and medium-sized business owners who can contribute small and medium-sized business owner contributions, and other matters, and take necessary measures based on the results of that review.

The provisions of Article 49, paragraph (1) of the National Pension Act after the amendment under the provisions of Article 1 apply to a husband prescribed in that paragraph who died on or after the date of enforcement of the provisions set forth in Article 1, item (v) of the Supplementary Provisions (hereinafter referred to as the "item (v) effective date"), and with respect to the requirement for payment of the widow's pension pertaining to a husband prescribed in Article 49, paragraph (1) of the National Pension Act before the amendment under the provisions of Article 1 who died before the item (v) effective date, the provisions then in force continue to govern.

The provisions of Article 90 through Article 90-3 of the National Pension Act after the amendment under the provisions of Article 1, the provisions of Article 19 of the Supplementary Provisions of the Act Partially Amending the National Pension Act, etc. after the amendment under the provisions of Article 7, and the provisions of Article 14 of the Supplementary Provisions of the Act Partially Amending the National Pension Act, etc. for Improving the Administration of Government-Administered Pension Programs, etc. after the amendment under the provisions of Article 11, apply to the premium prescribed in Article 87, paragraph (1) of the National Pension Act pertaining to a period on and after the month following the month specified by an Order of the Ministry of Health, Labour and Welfare under Article 90, paragraph (1), item (i) of the National Pension Act, Article 19, paragraph (2), item (i) of the Supplementary Provisions of the Act Partially Amending the National Pension Act, etc., and Article 14, paragraph (1), item (i) of the Supplementary Provisions of the Act Partially Amending the National Pension Act, etc. for Improving the Administration of Government-Administered Pension Programs, etc., in 2021.

With respect to the amount of the lump-sum withdrawal payment under the National Pension Act in the case where the premium-paid period prescribed in Article 5, paragraph (1) of that Act (limited to that pertaining to a category 1 insured person prescribed in Article 7, paragraph (1), item (i) of that Act), the three-quarter premium exemption period prescribed in Article 5, paragraph (4) of that Act, the half premium exemption period prescribed in paragraph (5) of that Article, and the one-quarter premium exemption period prescribed in paragraph (6) of that Article, are periods only before April 2021, the provisions then in force continue to govern.

The provisions of Article 28 of the National Pension Act after the amendment under the provisions of Article 2 apply to a person who, as of the day preceding the date of enforcement of this Act (hereinafter referred to as "the effective date"), has not reached 70 years of age.

The provisions of Article 28 of the National Pension Act after the amendment under the provisions of Article 3 apply to a person who, as of the day preceding the date of enforcement of the provisions set forth in Article 1, item (ix) of the Supplementary Provisions (hereinafter referred to as the "item (ix) effective date"), has not reached 71 years of age.

With regard to the application of penal provisions to acts committed before this Act comes into effect and to acts committed after this Act comes into effect in the cases where the provisions then in force continue to govern pursuant to the provisions of these Supplementary Provisions, the provisions then in force continue to govern.

The provisions of Article 18, paragraph (5) of the Supplementary Provisions of the 1985 National Pension Act Amendment Act after the amendment under the provisions of Article 42 of the Supplementary Provisions apply to a person for whom, as of the day preceding the effective date, five years have not elapsed since the day on which the person acquired the right to receive the old-age basic pension.

The provisions of Article 18, paragraph (5) of the Supplementary Provisions of the 1985 National Pension Act Amendment Act after the amendment under the provisions of Article 43 of the Supplementary Provisions apply to a person for whom, as of the day preceding the item (ix) effective date, six years have not elapsed since the day on which the person acquired the right to receive the old-age basic pension.

①The right to receive a benefit or compensation that is a pension, or a special additional amount for delay in payment of an insurance benefit or a special additional amount for delay in payment of a benefit, that is, at the time this Act comes into effect, actually provided as security, may, on and after the effective date as well, continue to be provided as security in accordance with the provisions then in force.

②The right to receive a benefit or compensation that is a pension, or a special additional amount for delay in payment of an insurance benefit or a special additional amount for delay in payment of a benefit, pertaining to an application prescribed in Article 36, paragraph (1), Article 70, paragraph (1), and Article 71, paragraph (1) of the Supplementary Provisions, may, on and after the effective date as well, continue to be provided as security in accordance with the provisions then in force.

③With respect to the right to receive a benefit that is deemed to be a pension, etc. prescribed in Article 2, paragraph (1) of the Act on Pension-Secured Financing Conducted by Japan Finance Corporation after the amendment under the provisions of Article 69 of the Supplementary Provisions, pursuant to the provisions of Article 122 of the Supplementary Provisions of the 2012 Pension Unification Act after the amendment under the provisions of Article 55 of the Supplementary Provisions (limited to a benefit in the form of a pension prescribed in Article 41, paragraph (1) and Article 65, paragraph (1) of the Supplementary Provisions of the 2012 Pension Unification Act), the provisions of Article 41, paragraph (1) of the Employees’ Pension Insurance Act before the amendment under the provisions of Article 4 remain in force.

①A person who, at the time of enforcement of the provisions of Article 28, is actually receiving a small loan under the provisions of Article 12, paragraph (1), item (xii) of the pre-amendment WAM Act (including a person who, on or after the effective date, receives a small loan prescribed in Article 12, paragraph (1), item (xii) of the pre-amendment WAM Act pursuant to the provisions of Article 36, paragraph (1) of the Supplementary Provisions) may, in the case where that person’s right to receive a benefit in the form of a pension under the Employees’ Pension Insurance Act or the National Pension Act that is provided as security to the Welfare and Medical Service Agency has been extinguished, or payment of the whole of these benefits has been suspended, and the person has a right to receive another benefit in the form of a pension under the Employees’ Pension Insurance Act or the National Pension Act (excluding a benefit for which payment of the whole has been suspended, and, in the case of an insurance benefit in the form of a pension under the Employees’ Pension Insurance Act, limited to one paid by the government), a special additional amount for delay in payment of an insurance benefit, or a special additional amount for delay in payment of a benefit, or has newly acquired the right to receive one of these, provide that right to receive to the Welfare and Medical Service Agency as security, notwithstanding the provisions of Article 24 of the National Pension Act after the amendment under the provisions of Article 2, Article 41, paragraph (1) of the Employees’ Pension Insurance Act after the amendment under the provisions of Article 4, and Article 4 of the Pension Payment Delay Additional Amount Act after the amendment under the provisions of Article 60 of the Supplementary Provisions.

②A person who, at the time of enforcement of the provisions of Article 28, is actually receiving a small loan under the provisions of Article 12, paragraph (1), item (xiii) of the pre-amendment WAM Act (including a person who, on or after the effective date, receives a small loan prescribed in Article 12, paragraph (1), item (xiii) of the pre-amendment WAM Act pursuant to the provisions of Article 36, paragraph (1) of the Supplementary Provisions) may, in the case where that person’s right to receive an insurance benefit in the form of a pension under the Industrial Accident Compensation Insurance Act that is provided as security to the Welfare and Medical Service Agency has been extinguished, and the person has newly come to have the right to receive an insurance benefit in the form of a pension under that Act, provide that right to receive the insurance benefit in the form of a pension to the Welfare and Medical Service Agency as security, notwithstanding the provisions of Article 12-5, paragraph (2) of the Industrial Accident Compensation Insurance Act after the amendment under the provisions of Article 27.

Beyond what is provided for in these Supplementary Provisions, transitional measures necessary in connection with the enforcement of this Act (including transitional measures concerning penal provisions) are specified by Cabinet Order.