①Where the Organization has decided to pay all or part of a retirement allowance by way of installment payment and an event set out in the following items occurs, the Organization is to pay in a lump sum, to the person specified in each of those items, the total amount of the amounts equivalent to the present value of the retirement allowance installments whose payment months have not arrived by the time that event occurred (hereinafter referred to in this Article as the "present value amount").

②The present value amount is the amount obtained by discounting the amount of the retirement allowance installment, by the compound present value method at the interest rate determined by the Minister of Health, Labour and Welfare as the interest rate that was the basis for calculating the installment payment rate for that amount, according to the period from the nearest payment month after the occurrence of the event set out in each item of the preceding paragraph to the payment month for that retirement allowance installment.

①The bereaved family members who are to receive payment of a retirement allowance pursuant to the provisions of Article 10, paragraph (1) are the persons set out in the following items.

②The order of priority of the bereaved family members who are to receive a retirement allowance is the order of the items of the preceding paragraph, and, among the persons set out in items (ii) and (iv) of that paragraph, the order in which they are set out in those items. In this case, for parents the order is adoptive parents and then biological parents, and for grandparents the order is the adoptive parents of adoptive parents, the biological parents of adoptive parents, the adoptive parents of biological parents, and the biological parents of biological parents.

③Where there are two or more persons of the same rank among the bereaved family members who are to receive a retirement allowance under the preceding paragraph, the retirement allowance is paid in equal shares according to their number.

A person who has caused the death of a covered employee by an intentional criminal act may not receive a retirement allowance, notwithstanding the preceding Article. The same applies to a person who, before the death of a covered employee, has caused by an intentional criminal act the death of a person who would be entitled to receive a retirement allowance upon the death of that covered employee.

①When a retirement allowance mutual aid contract has been cancelled, the Organization pays a cancellation refund to the covered employee.

②Where a retirement allowance mutual aid contract has been cancelled pursuant to the provisions of Article 8, paragraph (2), item (iii), a cancellation refund is not paid, notwithstanding the preceding paragraph; provided, however, that this does not apply where there are special circumstances specified by Order of the Ministry of Health, Labour and Welfare.

③The provisions of the proviso to Article 10, paragraph (1) apply mutatis mutandis to the cancellation refund, and the provisions of paragraph (2) of that Article apply mutatis mutandis to the amount of the cancellation refund.

④Where the Organization pays a cancellation refund pursuant to the proviso to paragraph (2), or pays a cancellation refund where a retirement allowance mutual aid contract in respect of whose premium a measure of reduction has been taken under Article 23, paragraph (1) has been cancelled, the Organization may reduce its amount, as provided by Order of the Ministry of Health, Labour and Welfare.

①Where, when a retirement allowance mutual aid contract has been cancelled pursuant to the provisions of Article 8, paragraph (2), item (ii), the mutual aid policyholder of the cancelled retirement allowance mutual aid contract has given notice of the implementation, for the covered employee of the cancelled retirement allowance mutual aid contract, of a defined-benefit corporate pension prescribed in Article 2, paragraph (1) of the Defined-Benefit Corporate Pension Act (Act No. 50 of 2001) (referred to as a "defined-benefit corporate pension" in Article 31-3 and Article 31-4), a corporate-type pension plan prescribed in Article 2, paragraph (2) of the Defined Contribution Pension Act (Act No. 88 of 2001) (referred to as a "corporate-type pension plan" in Article 31-3 and Article 31-4), or any other scheme specified by Cabinet Order, in each case one that meets the requirements specified by Order of the Ministry of Health, Labour and Welfare (hereinafter referred to in this Article as a "specified corporate pension scheme, etc."), the Organization does not pay a cancellation refund to that covered employee, notwithstanding paragraph (1) of the preceding Article. In this case, where, within the period specified by Order of the Ministry of Health, Labour and Welfare after the cancellation, the mutual aid policyholder has, with the consent of that covered employee and as provided by Order of the Ministry of Health, Labour and Welfare, made an application concerning the transfer of an amount equivalent to the cancellation refund to the specified corporate pension scheme, etc. pertaining to that notice, the Organization is to transfer, based on that application, an amount specified by Order of the Ministry of Health, Labour and Welfare within the range of the amount equivalent to the cancellation refund for that covered employee to an asset management and investment institution, etc. prescribed in Article 30, paragraph (3) of the Defined-Benefit Corporate Pension Act (referred to as an "asset management and investment institution, etc." in Article 31-3 and Article 31-4), an asset management institution prescribed in Article 2, paragraph (7), item (i), (b) of the Defined Contribution Pension Act (referred to as an "asset management institution" in Article 31-3 and Article 31-4), or any other body specified by Order of the Ministry of Health, Labour and Welfare as one that implements that specified corporate pension scheme, etc.

②In the case of the second sentence of the preceding paragraph, where the amount to be transferred under the second sentence of that paragraph is less than the amount equivalent to the cancellation refund for the covered employee referred to in that paragraph, the Organization is to pay the difference to that covered employee as a cancellation refund, as provided by Order of the Ministry of Health, Labour and Welfare, notwithstanding the provisions of that paragraph.

③In the case of paragraph (1), where any of the following events occurs with respect to the covered employee who is the subject of the notice under the first sentence of that paragraph, the Organization pays a cancellation refund to that covered employee, notwithstanding the provisions of that paragraph.

In order to ensure that claims for retirement allowances, etc. are made smoothly, the Organization must endeavor to provide information concerning the payment of retirement allowances, etc. to persons who are to receive payment of retirement allowances, etc.

Where, within three years after a covered employee's retirement, that person, without claiming a retirement allowance, is again employed by a small and medium-sized enterprise and becomes a covered employee (excluding a covered employee for whom all or part of the amount equivalent to the retirement allowance that would be paid to that person had that claim been made has been transferred, pursuant to the provisions of Article 31, paragraph (1), to the body prescribed in that paragraph), and that person has made an application, if the number of months of paid premiums under the retirement allowance mutual aid contract concluded before the retirement is 12 months or more, or if that number of months is less than 12 months and the Minister of Health, Labour and Welfare finds that the retirement was not due to a reason attributable to that covered employee or to that covered employee's convenience (excluding that based on unavoidable circumstances specified by Order of the Ministry of Health, Labour and Welfare), the numbers of months of paid premiums under the earlier and later retirement allowance mutual aid contracts may be aggregated, as provided by Order of the Ministry of Health, Labour and Welfare. In this case, the matters necessary for calculating the amount of the retirement allowance, etc. are specified by Order of the Ministry of Health, Labour and Welfare.

A covered employee who is a minor may independently claim the retirement allowance, etc. under the retirement allowance mutual aid contract.

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).

①Where there is a person who has received payment of a retirement allowance, etc. by deceit or other wrongful conduct, the Organization may have that person return that retirement allowance, etc. In this case, where the payment was due to a false certification or notification by the mutual aid policyholder, the Organization may have the mutual aid policyholder return the retirement allowance, etc. jointly and severally with the person who received payment.

②Where the Organization is to pay a retirement allowance, etc. to a covered employee or the covered employee's bereaved family members and there is an amount to be returned to the Organization under the preceding paragraph, the Organization may set off that retirement allowance, etc. against the amount that that person is to return.

①For each month from the month containing the day on which a retirement allowance mutual aid contract took effect through the month containing the day on which the covered employee retired or the day on which the retirement allowance mutual aid contract was cancelled, a mutual aid policyholder must pay the premium for that month, based on the monthly premium as of the last day of that month (or, for the month containing the day of retirement or the day of cancellation of the retirement allowance mutual aid contract, as of the day of retirement or the day of cancellation), by the last day of the following month (or, for the premium for the month containing the day on which the retirement allowance mutual aid contract took effect, by the last day of the month after the following month).

②The premium for a month may not be paid in installments.

①In order to promote the filing of applications for retirement allowance mutual aid contracts by small and medium-sized enterprises and the filing of applications for an increase in the monthly premium under Article 9, paragraph (1) by mutual aid policyholders, the Organization may, as a measure to reduce the burden of premiums on mutual aid policyholders, reduce the amount of the premium for certain months, as provided for by Order of the Ministry of Health, Labour and Welfare.

②For a month for which a measure to reduce premiums is taken under the provisions of the preceding paragraph, if a mutual aid policyholder pays the premium in the amount reduced under the provisions of that paragraph, with regard to the application of the provisions of Article 10, paragraph (2) (including as applied mutatis mutandis pursuant to Article 16, paragraph (3)) and Article 55, paragraph (1), the premium is deemed to have been paid based on the monthly premium under paragraph (1) of the preceding Article.

If a mutual aid policyholder pays a premium on or before the last day of the month preceding the month concerned, the Organization may reduce its amount, as provided for by Order of the Ministry of Health, Labour and Welfare.

①The Organization may require a mutual aid policyholder who pays a premium after the payment due date to pay a surcharge.

②The amount of the surcharge must not exceed the amount calculated on the amount of the premium at the rate of 14.6 percent per annum for the number of days from the day following the payment due date to the day preceding the day of payment.

①For a mutual aid policyholder who regularly employs fewer than five employees, the Organization may extend the payment due date under Article 22, paragraph (1) within three months, as provided for by Order of the Ministry of Health, Labour and Welfare.

②If the Organization finds that a mutual aid policyholder is unable to pay a premium by the payment due date due to a natural disaster or other unavoidable grounds, it may extend the payment due date.