①When the Minister of Health, Labour and Welfare has granted approval pursuant to the provisions of paragraph (7) of the preceding Article, the government exempts the liability reserve equivalent that is to be collected from that specified Fund not yet wound up pursuant to the provisions of Article 34, paragraph (5) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 28, paragraph (3) of the Supplementary Provisions (excluding the amount already paid by that specified Fund not yet wound up; the same applies in paragraph (3)), and collects from the employer of its establishing place of business the amount set forth in paragraph (4), item (i) of the preceding Article, on the basis of that employer's payment plan for a specified Fund not yet wound up. In this case, the provisions of Article 33, paragraphs (3) through (7) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 27, paragraph (2) of the Supplementary Provisions, and the provisions of Article 34, paragraphs (1), (3) and (5) through (8), Articles 35 through 38, Article 39, paragraph (1) and Article 40 of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 28, paragraph (3) of the Supplementary Provisions, do not apply.

②In making the collection under the preceding paragraph, the government is to grant a grace period for payment on the basis of the payment plan for a specified Fund not yet wound up of the employer of the establishing place of business of that specified Fund not yet wound up.

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 exempts the liability reserve equivalent that is to be collected from the specified Fund not yet wound up and collects from the employer of its establishing place of business the amount set forth in paragraph (4), item (i) of the preceding Article. In this case, the phrase "and the reduced liability reserve equivalent" in Article 11, paragraph (8), item (ii) of the Supplementary Provisions is deemed to be replaced with "(where the specified Fund not yet wound up is to have the reduced liability reserve equivalent prescribed in Article 33, paragraph (3) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act collected pursuant to the provisions of that paragraph, that reduced liability reserve equivalent) and the period and amount for which the employer of its establishing place of business seeks to obtain a grace period for payment, as set forth in Article 30, paragraph (4), item (ii) of the Supplementary Provisions and stated in the payment plan for a specified Fund not yet wound up prescribed in paragraph (1) of that Article".

④The provisions of Article 13, paragraph (4) of the Supplementary Provisions apply mutatis mutandis to the case where the government has granted a grace period for payment pursuant to the provisions of paragraph (2). In this case, Cabinet Order provides for the necessary technical replacement of terms.

The provisions of Articles 14 through 16 of the Supplementary Provisions apply mutatis mutandis to the case where the government has granted a grace period for payment pursuant to the provisions of paragraph (2) of the preceding Article. In this case, in Article 14, paragraph (1) of the Supplementary Provisions, the phrase "the voluntary dissolution Fund" is deemed to be replaced with "the specified Fund not yet wound up that received that grace period (meaning the specified Fund not yet wound up prescribed in Article 30, paragraph (1) of the Supplementary Provisions; the same applies hereinafter)", the phrase "the voluntary dissolution Fund payment plan of that employer" with "the payment plan for a specified Fund not yet wound up (meaning the payment plan for a specified Fund not yet wound up prescribed in Article 30, paragraph (1) of the Supplementary Provisions; the same applies hereinafter) of that employer", and the phrase "15 years (30 years for the employer of the establishing place of business of a voluntary dissolution Fund that has received the certification under Article 12, paragraph (8) of the Supplementary Provisions) when combined with the period for which a grace period has already been granted to that employer based on the voluntary dissolution Fund payment plan" with "30 years counting from the day following the payment due date of the monies to be collected pursuant to the provisions of Article 34, paragraph (5) of the Supplementary Provisions of the pre-amendment Employees' Pension Insurance Act, which remains in force pursuant to the provisions of Article 28, paragraph (3) of the Supplementary Provisions"; the phrase "voluntary dissolution Fund" in Article 14, paragraph (3), Article 15, paragraphs (1) and (3), and Article 16, paragraphs (1), (2) and (7) of the Supplementary Provisions is deemed to be replaced with "specified Fund not yet wound up"; the phrase "voluntary dissolution Fund payment plan" in Article 14, paragraphs (3) through (5) and Article 15, paragraphs (1) and (2) of the Supplementary Provisions is deemed to be replaced with "payment plan for a specified Fund not yet wound up"; in Article 14, paragraph (4) of the Supplementary Provisions, the phrase "property of the employer of the establishing place of business of the voluntary dissolution Fund" is deemed to be replaced with "property of the employer of the establishing place of business of the specified Fund not yet wound up that received that grace period (meaning the specified Fund not yet wound up prescribed in Article 30, paragraph (1) of the Supplementary Provisions; the same applies hereinafter)", and the phrase "the employer of the establishing place of business of the voluntary dissolution Fund" with "the employer of the establishing place of business of the specified Fund not yet wound up that received that grace period (meaning the specified Fund not yet wound up prescribed in Article 30, paragraph (1) of the Supplementary Provisions; the same applies hereinafter)"; the phrase "voluntary dissolution-type additional charge rate" in Article 16, paragraphs (1) and (2) of the Supplementary Provisions is deemed to be replaced with "specified-fund-not-yet-wound-up-type additional charge rate"; and in Article 16, paragraph (2) of the Supplementary Provisions, the phrase "was 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" is deemed to be replaced with "received the approval under Article 30, paragraph (1) of the Supplementary Provisions"; in addition, Cabinet Order provides for the necessary technical replacement of terms.

①On or after the day on which five years have elapsed counting from the Effective Date, when a surviving employees' pension Fund (excluding voluntary dissolution Funds and liquidation-type Funds that have filed an application for certification under Article 11, paragraph (1) of the Supplementary Provisions or an application for approval under Article 12, paragraph (1) of the Supplementary Provisions; the same applies hereinafter in this Article) falls under all of the following items, the Minister of Health, Labour and Welfare may deem that surviving employees' pension Fund to fall under Article 179, paragraph (5), item (iv) 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:

②The assumed interest rate and assumed mortality rate that serve as the basis for calculating the amount set forth in item (ii), (b) of the preceding paragraph are determined by the Minister of Health, Labour and Welfare.

③When the Minister of Health, Labour and Welfare intends, by deeming pursuant to the provisions of paragraph (1) that a surviving employees' pension Fund falls under Article 179, paragraph (5), item (iv) 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, to order the dissolution of that surviving employees' pension Fund pursuant to the provisions of Article 179, paragraph (5) of the pre-amendment Employees' Pension Insurance Act, the minister must first consult with the Social Security Council.

①When a surviving employees' pension Fund is dissolved, its directors become its liquidators; provided, however, that this does not apply where another person is elected by the board of delegates.

②In the following cases, the Minister of Health, Labour and Welfare appoints a liquidator:

③In the case referred to in the preceding paragraph, the costs required for the performance of the duties of the liquidator are borne by the surviving employees' pension Fund.

④The residual assets of a dissolved surviving employees' pension Fund must be distributed, as provided by its articles of Association, to the persons to whom that surviving employees' pension Fund owed obligations concerning the payment of benefits in the form of pensions on the day of dissolution.

⑤When distributing the residual assets pursuant to the provisions of the preceding paragraph, the whole amount is to be paid to the persons prescribed in that paragraph, and those residual assets must not be delivered to the employer.

①A surviving employees' pension Fund that is dissolved on or after the Effective Date (excluding one for which the amount of the reserves for pension benefits, etc. on the day of dissolution is less than the liability reserve equivalent) may, as provided by its articles of Association, where its establishing place of business (or, in the cases specified by Cabinet Order, a part of its establishing place of business; the same applies hereinafter in this paragraph and the following Article) is or is to become an implementing place of business of a defined-benefit corporate pension (meaning an implementing place of business prescribed in Article 4, item (i) of the amended Defined-Benefit Corporate Pension Act; the same applies hereinafter in this paragraph), and the articles of Association of that defined-benefit corporate pension provide in advance that it may receive from that surviving employees' pension Fund the residual assets (hereinafter referred to in this Article as "residual assets") to be distributed, pursuant to the provisions of paragraph (4) of the preceding Article, to members, etc. of a dissolved Fund employed at that establishing place of business (meaning persons to whom a dissolved employees' pension Fund owed obligations concerning the payment of benefits in the form of pensions on the day of its dissolution; the same applies hereinafter), apply to the employer, etc. of that defined-benefit corporate pension (meaning the employer, etc. prescribed in Article 29, paragraph (1) of the amended Defined-Benefit Corporate Pension Act; the same applies hereinafter) for the delivery of the residual assets to the asset management and investment institution, etc. of that defined-benefit corporate pension (meaning the asset management and investment institution, etc. prescribed in Article 30, paragraph (3) of the amended Defined-Benefit Corporate Pension Act; the same applies hereinafter).

②When the asset management and investment institution, etc. of that defined-benefit corporate pension has received the delivery of the residual assets in accordance with the application under the preceding paragraph, the employer, etc. of that defined-benefit corporate pension is to pay to those members, etc. of a dissolved Fund, using the delivered money as the source and as provided by its articles of Association, the benefits set forth in the items of Article 29, paragraph (1) and the items of Article 29, paragraph (2) of the amended Defined-Benefit Corporate Pension Act (hereinafter referred to as "old-age benefits, etc.").

③When the asset management and investment institution, etc. of that defined-benefit corporate pension has received the delivery of the residual assets in accordance with the application under paragraph (1), those residual assets are deemed, for the purpose of the application of paragraph (4) of the preceding Article, to have been distributed to those members, etc. of a dissolved Fund.

④When the employer, etc. of that defined-benefit corporate pension has come to pay old-age benefits, etc. pursuant to the provisions of paragraph (2), it must notify those members, etc. of a dissolved Fund to that effect.

⑤Where the employer, etc. of that defined-benefit corporate pension is unable to give the notice under the preceding paragraph because the whereabouts of members, etc. of a dissolved Fund are unknown, it must, in lieu of that notice, give public notice of the matters to be notified.