The right to receive payment of a retirement allowance, etc. may not be transferred, offered as security or seized; provided, however, that this does not apply where the right of a covered employee to receive payment of a retirement allowance, etc. is seized by a disposition for delinquent national taxes (including a disposition under the same procedures).
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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
retirement allowance, etc.machine translation
「退職金等」
A retirement allowance (退職金) or a cancellation refund (解約手当金).
Short name set inArticle 8, paragraph (2), item (iii)