Supplementary Provisions, Article 7-6Special Provisions on Old-Age Pension Benefits Paid by Funds and the Surviving Pension Fund Association to Beneficiaries of Employees' Old-Age Pensions Paid Early

①With regard to the old-age pension benefit prescribed in Article 130, paragraph (1) prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act (except in paragraph (1) of the following Article, hereinafter referred to as the "old-age pension benefit"), that a Fund pays to a beneficiary of an employees' old-age pension under the provisions of Article 7-3, paragraph (3) of the Supplementary Provisions: the phrase "Article 43, paragraph (3)" in Article 131, paragraph (1), item (ii) prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act, is deemed to be replaced with "Article 43, paragraph (2) or (3), or Article 7-3, paragraph (5) of the Supplementary Provisions, of the Employees' Pension Insurance Act as amended by the provisions of Article 4 of the Act Partially Amending the National Pension Act, etc. to Strengthen the Functions of the Pension System (Act No. 40 of 2020)"; the phrase "period of being a member (" in Article 132, paragraph (2) prior to that amendment, which remains in force as above, is deemed to be replaced with "period of being a member (excluding the period of being a member of the Fund on or after the month in which the beneficiary acquired the right to receive benefits (hereinafter referred to in this paragraph as the "period subject to revision")", and the phrase "the amount obtained by multiplying" in that paragraph is deemed to be replaced with "the amount (including the amount calculated, as specified by Cabinet Order, based on the period subject to revision) obtained by subtracting the amount specified by Cabinet Order from the amount obtained by multiplying"; and the phrase "paragraph (2) of the preceding Article" in Article 133 prior to that amendment, which remains in force as above, is deemed to be replaced with "paragraph (2) of the preceding Article as replaced in Article 7-6, paragraph (1) of the Supplementary Provisions".

②With regard to the old-age pension benefit that a Fund pays to a beneficiary of an employees' old-age pension under the provisions of Article 7-3, paragraph (3) of the Supplementary Provisions (limited to one for which payment is suspended in whole or in part pursuant to the provisions of Article 46, paragraph (1) as replaced in Article 46, paragraph (5) prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 86, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act), the phrase "Article 132, paragraph (2)" in Article 133-2, paragraphs (2) and (3) prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act, is deemed to be replaced with "Article 132, paragraph (2) as replaced in Article 7-6, paragraph (1) of the Supplementary Provisions".

③With regard to the old-age pension benefit that a Fund pays to a beneficiary of an employees' old-age pension under the provisions of Article 7-3, paragraph (3) of the Supplementary Provisions (limited to one for which payment is suspended in whole or in part pursuant to the provisions of the preceding Article; the same applies hereinafter in this Article), the provisions of Article 133 prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act, do not apply.

④Payment of an old-age pension benefit that a Fund pays to a beneficiary of an employees' old-age pension under the provisions of Article 7-3, paragraph (3) of the Supplementary Provisions (limited to one based on a category I EPI insured period or a category IV EPI insured period) cannot be suspended, except where payment of the whole of that employees' old-age pension is suspended (excluding a case falling under any of the following items); provided, however, that this does not apply to the portion of the amount of that old-age pension benefit that exceeds the amount prescribed in Article 132, paragraph (2) prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act, as replaced in paragraph (1):

⑤Notwithstanding the provisions of the preceding paragraph, with regard to the old-age pension benefits that a Fund pays to a beneficiary of the employees' old-age pension under Article 7-3, paragraph (3) of the Supplementary Provisions, payment of the portion of the amount of those benefits that exceeds the amount prescribed in the relevant item may be suspended, according to the case set forth in each of the following items:

⑥The handling of fractions of less than one yen that arise in calculating the amount suspended for persons subject to in-service suspension and the amount suspended for persons not subject to in-service suspension is specified by Cabinet Order.