①An old-age defined-benefit early leaver, etc. may, where the person has acquired the status as a corporate-type pension plan participant or an individual-type pension plan participant and the articles of Association of the surviving Pension Fund Association provide in advance that the reserves specified by the articles of Association of the surviving Pension Fund Association may be transferred to the asset management institution of the corporate-type pension plan in question or the National Pension Fund Association for individual-type pensions, apply to the surviving Pension Fund Association for the transfer of those reserves to the asset management institution of the corporate-type pension plan in question or the National Pension Fund Association for individual-type pensions; provided, however, that this does not apply where the old-age defined-benefit early leaver, etc. holds the right to receive the old-age benefit under the provisions of Article 91-2, paragraph (3), etc. of the pre-amendment Defined-Benefit Corporate Pension Act that remain in force or the surviving Pension Fund Association old-age benefit under Article 46, paragraph (3), Article 47, paragraph (3) or Article 49-2, paragraph (1) of the Supplementary Provisions.

②When an application has been made under the preceding paragraph, the surviving Pension Fund Association is to transfer to the asset management institution of the corporate-type pension plan in question or the National Pension Fund Association for individual-type pensions the reserves to which the application pertains.

③When the surviving Pension Fund Association has transferred reserves pursuant to the preceding paragraph, it is relieved of its obligation concerning the payment of the old-age benefit or the survivor benefit under the provisions of Article 91-2, paragraph (3), etc. of the pre-amendment Defined-Benefit Corporate Pension Act that remain in force, or of the surviving Pension Fund Association old-age benefit or the surviving Pension Fund Association survivor benefit under Article 46, paragraph (3), Article 47, paragraph (3) or Article 49-2, paragraph (1) of the Supplementary Provisions, pertaining to that old-age defined-benefit early leaver, etc.

④When reserves have been transferred to the asset management institution of the corporate-type pension plan in question or the National Pension Fund Association for individual-type pensions pursuant to the provisions of paragraph (2), the corporate-type record-keeping operations manager, etc. of that corporate-type pension plan or the National Pension Fund Association for individual-type pensions must notify that old-age defined-benefit early leaver, etc. to that effect.