Supplementary Provisions, Article 13Grace Period for Payment of the Liability Reserve Equivalent, etc. in the Case of Dissolution with Approval of a Voluntary Dissolution Fund Payment Plan

①When a voluntary dissolution Fund and the employer of its establishing place of business have received the approval referred to in paragraph (1) of the preceding Article, and that voluntary dissolution Fund has been dissolved pursuant to the provisions of Article 145, paragraph (1), item (i) or (ii) of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions (limited to the case where the amount of reserves for pension benefits, etc. on the day of dissolution falls below the liability reserve equivalent), the government, notwithstanding the provisions of Article 8 of the Supplementary Provisions, in collecting the liability reserve equivalent, is to collect the amount of reserves for pension benefits, etc. on the day of dissolution from that voluntary dissolution Fund, and the amount obtained by deducting that amount of reserves for pension benefits, etc. from the liability reserve equivalent from the employer of its establishing place of business, based on the voluntary dissolution Fund payment plan of that employer. In this case, the provisions of Article 138, paragraph (6) of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions and the provisions of Article 34, paragraph (4) of the Supplementary Provisions do not apply.

③The provisions of Article 11, paragraph (8) of the Supplementary Provisions apply mutatis mutandis to the case where, pursuant to the provisions of paragraph (1), the government collects the amount of reserves for pension benefits, etc. from the voluntary dissolution Fund and collects, from the employer of its establishing place of business, the amount obtained by deducting that amount of reserves for pension benefits, etc. from the liability reserve equivalent. In this case, the phrase "and the reduced liability reserve equivalent" in item (ii) of that paragraph is deemed to be replaced with "and the period and amount for which the employer of its establishing place of business seeks to receive a grace period for payment, set forth in item (ii) of paragraph (4) of that Article and stated in the voluntary dissolution Fund payment plan prescribed in paragraph (1) of the following Article".

④When the government has granted a grace period for payment pursuant to the provisions of paragraph (2), it must notify the employer of the establishing place of business of the voluntary dissolution Fund of that fact, the grace period and the amount subject to the grace period concerning that employer, and other necessary matters.