Chapter IV Transfer of Assets Managed per Individual

①If any of the persons set forth in the following items (limited to a person who has assets managed per individual under the corporate-type pension plan or the individual-type pension plan) acquire the status as a participant of a corporate-type pension plan of the first corporate-type pension plan, and request the corporate-type pension plan records-related operational management institution, etc. of the first corporate-type pension plan to transfer that person's assets managed per individual transfer, the persons specified in the respective items are to transfer the assets managed per individual of the person who made the request to the asset management institution of the first corporate-type pension plan:

②If the person set forth in item (i) of the preceding paragraph (excluding a person who has the right to receive disability benefits under the corporate-type pension plan) acquires the status as a participant of a corporate-type pension plan of the first corporate-type pension plan, and still has assets managed per individual under the second corporate-type pension plan after the passage of six months from the month following the month containing the day of losing the status as a participant of a corporate-type pension plan of the second corporate-type pension plan, the asset management institution of the second corporate-type pension plan is to transfer the assets managed per individual to the asset management institution of the first corporate-type pension plan.

③If a person whose assets managed per individual have been transferred to the Association pursuant to the provisions of Article 83, paragraph (1) (a person who has assets managed per individual under the individual-type pension plan, and excluding a participant of an individual-type pension plan and an instructor of an individual-type pension plan investment) acquires the status as a participant of a corporate-type pension plan of the first corporate-type pension plan, the Association is to transfer the assets managed per individual relating to the person who has acquired the status to the asset management institution of the first corporate-type pension plan.

④When the assets managed per individual relating to a person pertaining to a corporate-type pension plan records-related operational management institution, etc. of the first corporate-type pension plan have been transferred to the asset management institution of the first corporate-type pension plan pursuant to the preceding three paragraphs, that corporate-type pension plan records-related operational management institution, etc. must give notice to that effect to the person whose assets managed per individual have been transferred.

With regard to application of the provisions of Article 25-2 when assets managed per individual are transferred pursuant to the provisions of paragraphs (1) through (3) of the preceding Article, the phrase "and those for which ... after that day" in paragraph (3) of that Article is deemed to be replaced with ", those for which ... after that day", and "means ... after that day" in that paragraph is deemed to be replaced with "means ... after that day, and those for which no instructions on investment have been given with regard to the assets managed per individual transferred pursuant to the provisions of Article 80, paragraphs (1) through (3) after that day".

①If a person who was a participant of a corporate-type pension plan of a corporate-type pension plan (limited to a person who has assets managed per individual under the corporate-type pension plan) requests the Association to transfer the person's assets managed per individual, and concurrently with the request for transfer, makes a request under the provisions of Article 62, paragraph (1) or Article 64, paragraph (2), or if a person is a participant of an individual-type pension plan or an instructor of an individual-type pension plan investment, the asset management institution of the corporate-type pension plan is to transfer the assets managed per individual relating to the person who made the request to the Association.

②When assets managed per individual have been transferred to the Association pursuant to the provisions of the preceding paragraph, the Association must give notice to that effect to the person whose assets managed per individual have been transferred.

The provisions of Article 25-2 apply mutatis mutandis to the case where assets managed per individual relating to a participant of an individual-type pension plan are transferred pursuant to the provisions of paragraph (1) of the preceding Article. In this case, the phrase "the employer's contribution, etc. paid" in Article 25-2, paragraph (3) is deemed to be replaced with "the assets managed per individual transferred pursuant to the provisions of Article 82, paragraph (1)".

①The asset management institution of a corporate-type pension plan is to transfer assets managed per individual relating to any of the following persons (limited to a person who has assets managed per individual under the corporate-type pension plan) to the Association:

②When assets managed per individual relating to a person pertaining to the corporate-type pension plan records-related operational management institution, etc. of the corporate-type pension plan have been transferred to the Association pursuant to the provisions of the preceding paragraph, the corporate-type pension plan records-related operational management institution, etc. must give notice to that effect to the person whose assets managed per individual have been transferred.

③If the corporate-type pension plan records-related operational management institution, etc. of the corporate-type pension plan is unable to give the notice referred to in the preceding paragraph due to the whereabouts of the person whose assets managed per individual have been transferred pursuant to the provisions of paragraph (1) being unknown, it must give public notice to the effect that the assets managed per individual have been transferred to the Association, in lieu of the notice referred to in that paragraph.

①If there is an amount of assets to be returned with regard to a person who has lost the status as a participant of a corporate-type pension plan of a corporate-type pension plan, the assets managed per individual relating to that person which the asset management institution of the corporate-type pension plan is to transfer pursuant to the provisions of Articles 54-4, 54-5, 80 or 82 or the preceding Article or Article 31-3 of the Small and Medium Sized Enterprise Retirement Allowance Cooperative Act are to be assets equivalent to the amount after deducting the amount of assets to be returned.

②In the case prescribed in the preceding paragraph, the asset management institution of the corporate-type pension plan is to return money in an amount equivalent to the amount of assets to be returned to the employer pertaining to the amount of assets to be returned.

Beyond what is provided for in this Chapter, Cabinet Order prescribes the necessary particulars in connection with transfer of assets managed per individual.