Notwithstanding the preceding Article, at the request of a covered employee, the Organization may pay all or part of the retirement allowance by way of installment payment; provided, however, that this does not apply in any of the cases set out in the following items.
Where the amount of the retirement allowance is less than the amount specified by Order of the Ministry of Health, Labour and Welfare;
退職金の額が厚生労働省令で定める金額未満であるとき。
Where the covered employee is under 60 years of age on the date of retirement;
Where, when a covered employee has requested that part of the retirement allowance be paid by way of installment payment, the amount subject to installment payment prescribed in the following paragraph is less than the amount specified by Order of the Ministry of Health, Labour and Welfare, or the amount obtained by deducting the amount subject to installment payment prescribed in that paragraph from the full amount of that retirement allowance is less than the amount specified by Order of the Ministry of Health, Labour and Welfare.
Where a covered employee intends to receive part of the retirement allowance by way of installment payment, the request under the preceding paragraph must be made by specifying the amount of the part of the retirement allowance that the covered employee intends to receive by way of installment payment (hereinafter referred to in this Article as the "amount subject to installment payment").
The payment months for a retirement allowance paid by way of installment payment are February, May, August and November of each year.
分割払の方法による退職金の支給期月は、毎年二月、五月、八月及び十一月とする。
The period of payment of a retirement allowance by way of installment payment (referred to as the "installment payment period" in the following paragraph) is either five years or 10 years from the first payment month after the request under paragraph (1), as selected by the covered employee.
The amount of the retirement allowance for each payment month (referred to as the "retirement allowance installment" in the following Article) is the amount obtained by multiplying the amount of the retirement allowance (the amount subject to installment payment, where part of the retirement allowance is paid by way of installment payment) by the rate specified by Cabinet Order in accordance with the installment payment period (referred to as the "installment payment rate" in paragraph (2) of the following Article).
Where, pursuant to the provisions of paragraph (1), part of the retirement allowance is to be paid by way of installment payment, the amount obtained by deducting the amount subject to installment payment from the full amount of that retirement allowance is paid as a lump sum.
Read this with the articles around it
retirementmachine translation
「退職」
The ending of an employee's employment relationship with their employer (事業主).
Defined inArticle 2, paragraph (2)· applies throughout the law
the Organizationmachine translation
「機構」
The Organization for Workers' Retirement Allowance Mutual Aid (独立行政法人勤労者退職金共済機構), an incorporated administrative agency, throughout this Act except Articles 56 and 57.
Short name set inArticle 2, paragraph (3)· applies from here on, except in Articles 56 and 57
covered employeemachine translation
「被共済者」
A person to whom the Organization (機構) must pay a retirement allowance (退職金) when they leave their employment, under a retirement allowance mutual aid contract (退職金共済契約) or a specified-industry retirement allowance mutual aid contract (特定業種退職金共済契約).
Defined inArticle 2, paragraph (7)· applies throughout the law
amount subject to installment paymentmachine translation
「分割払対象額」
In Article 12, the part of the retirement allowance (退職金) that a covered employee (被共済者) who asks for only part of it to be paid in installments names as the amount to be paid that way.
Short name set inArticle 12, paragraph (2)· applies only in this article
installment payment periodmachine translation
「分割支給期間」
In Article 12, paragraphs (4) and (5), the period over which a retirement allowance (退職金) is paid in installments: five or ten years from the first payment month (支給期月) after the request, as the covered employee (被共済者) chooses.
Short name set inArticle 12, paragraph (4)· applies only in this provision and in Article 12, paragraph (5)
installment payment ratemachine translation
「分割支給率」
In Articles 12 and 13, the rate, set by Cabinet Order (政令) for each installment payment period (分割支給期間), by which the retirement allowance (退職金) — or the part of it to be paid in installments — is multiplied to give the amount of each installment.
Short name set inArticle 12, paragraph (5)· applies only in this provision and in Article 13, paragraph (2)
retirement allowance installmentmachine translation
「分割退職金」
In Articles 12 and 13, the part of a retirement allowance (退職金) paid in each payment month (支給期月) when it is paid in installments: the retirement allowance, or the part of it to be paid in installments, multiplied by the installment payment rate (分割支給率).
Short name set inArticle 12, paragraph (5)· applies only in this provision and in Article 13