# 中小企業退職金共済法 / Small and Medium Sized Enterprise Retirement Allowance Cooperative Act — 第七十七条 (Article 77)
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- Law: 中小企業退職金共済法 (Small and Medium Sized Enterprise Retirement Allowance Cooperative Act), 昭和三十四年法律第百六十号
- English title "Small and Medium Sized Enterprise Retirement Allowance Cooperative Act": Ministry of Justice translation database, which lists the title
- Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say.
- Provision: 第七十七条 (Article 77)（余裕金の運用の特例） — address `art-77`
- Text in force since: 2025-06-01
- URL (the page that opens at this provision): https://japanlaw.org/en/sme-retirement-allowance-act/art-77
- e-Gov law ID: 334AC0000000160 — never renamed. A permanent link, `/l/{lawId}/{address}` on this site, redirects to the page.
- Every provision below carries its address and its URL on the line under it.
- Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below.
Only the Japanese as published by the government has legal effect; the text
below is a copy of it. Every English rendering below is a translation and
says which kind: the Ministry of Justice's translation, or this
site's machine translation, whose model and date the Sources list names.
They are never merged and never substituted for one another.
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### 第七十七条（余裕金の運用の特例） — Special Provisions on Investment of Surplus Funds
caption: machine translation, not official
art-77 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77
**第一項** 機構は、退職金共済業務に係る業務上の余裕金を運用するに当たつては、次に掲げる方法以外の方法によつてはならない。
art-77/par-1 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1
In investing surplus funds arising in the course of retirement allowance mutual aid operations, the Organization must not use any method other than the following:
machine translation, not official
**一** 国債、地方債、政府保証債（その元本の償還及び利息の支払について政府が保証する債券をいう。）その他厚生労働大臣の指定する有価証券の取得
art-77/par-1/item-1 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-1
acquisition of national government bonds, local government bonds, government-guaranteed bonds (meaning bonds for which the government guarantees the redemption of principal and the payment of interest), and other securities designated by the Minister of Health, Labour and Welfare;
machine translation, not official
**二** 銀行その他厚生労働大臣の指定する金融機関への預金
art-77/par-1/item-2 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-2
deposits with banks and other financial institutions designated by the Minister of Health, Labour and Welfare;
machine translation, not official
**三** 信託業務を営む金融機関又は信託会社への信託（運用方法を特定する信託（金融商品取引業者（金融商品取引法第二条第九項に規定する金融商品取引業者をいう。）との投資一任契約（同条第八項第十二号ロに規定する契約をいう。）であつて政令で定めるものの締結によるものを除く。）については、厚生労働大臣の指定するものに限る。）
art-77/par-1/item-3 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-3
trusts with a financial institution engaged in trust business or with a trust company (for a trust that specifies the method of investment (excluding a trust made by concluding, with a financial instruments business operator (meaning a financial instruments business operator prescribed in Article 2, paragraph (9) of the Financial Instruments and Exchange Act), a discretionary investment contract (meaning a contract prescribed in Article 2, paragraph (8), item (xii), (b) of that Act) that is specified by Cabinet Order), limited to one designated by the Minister of Health, Labour and Welfare);
machine translation, not official
**四** 厚生労働大臣の指定する不動産の取得
art-77/par-1/item-4 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-4
acquisition of real property designated by the Minister of Health, Labour and Welfare;
machine translation, not official
**五** 被共済者を被保険者とする生命保険（特定業種余裕金以外の退職金共済業務に係る業務上の余裕金の運用にあつては被保険者の退職を、特定業種余裕金の運用にあつては被保険者が第四十三条第一項各号（同条第二項及び第三項の規定により適用する場合を含む。）に掲げる事由に該当することをそれぞれ保険金の支払事由とするものに限る。）の保険料の払込み
art-77/par-1/item-5 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-5
payment of premiums for life insurance under which a covered employee is the insured (limited to insurance under which the event giving rise to the payment of the insurance benefit is the retirement of the insured, in the investment of surplus funds arising in the course of retirement allowance mutual aid operations other than specified-industry surplus funds, or the insured's falling under a ground listed in the items of Article 43, paragraph (1) (including as applied pursuant to paragraphs (2) and (3) of that Article), in the investment of specified-industry surplus funds);
machine translation, not official
**六** 財政融資資金への預託
art-77/par-1/item-6 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-6
deposits with the Fiscal Loan Fund.
machine translation, not official
**第二項** 前項第三号の規定による信託の終了又は一部の解約により機構に帰属することとなる信託財産（金銭及び同項第一号に規定する有価証券を除く。）は、直ちに、同項第三号に掲げる方法により運用しなければならない。
art-77/par-2 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-2
Trust property (excluding money and the securities prescribed in item (i) of the preceding paragraph) that comes to belong to the Organization upon the termination or partial cancellation of a trust under the provisions of item (iii) of the preceding paragraph must be invested immediately by the method listed in item (iii) of the preceding paragraph.
machine translation, not official
**第三項** 退職金共済業務に係る業務上の余裕金の運用については、安全かつ効率的な運用を害しない範囲内で、できるだけ中小企業者の事業資金又はその従業員の福祉を増進するための資金に融通されるように配慮されなければならない。
art-77/par-3 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-3
In investing surplus funds arising in the course of retirement allowance mutual aid operations, consideration must be given to ensuring, to the extent that safe and efficient investment is not impaired, that the funds are lent as far as possible as business funds for small and medium-sized enterprises or as funds for promoting the welfare of their employees.
machine translation, not official
**第四項** 機構の退職金共済業務については、通則法第四十七条の規定は、適用しない。
art-77/par-4 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-4
The provisions of Article 47 of the General Rules Act do not apply to the retirement allowance mutual aid operations of the Organization.
machine translation, not official
**第五項** 機構は、厚生労働省令で定めるところにより、一般の中小企業退職金共済業務及び特定業種退職金共済業務に係る業務上の余裕金を合同して運用することができる。
art-77/par-5 · https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-5
The Organization may, as provided for by Order of the Ministry of Health, Labour and Welfare, pool and invest the surplus funds arising in the course of general small and medium-sized enterprise retirement allowance mutual aid operations and specified-industry retirement allowance mutual aid operations.
machine translation, not official
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## Cites
- art-77/par-1/item-3: 金融商品取引法第二条第九項 → 金融商品取引法 第二条第九項 (Article 2, paragraph (9)), art-2/par-9 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-9 (e-Gov law ID 323AC0000000025)
- art-77/par-1/item-3: 同条第八項第十二号 → 金融商品取引法 第二条第八項第十二号 (Article 2, paragraph (8), item (xii)), art-2/par-8/item-12 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-12 (e-Gov law ID 323AC0000000025)
- art-77/par-1/item-5: 第四十三条第一項 → 中小企業退職金共済法 第四十三条第一項 (Article 43, paragraph (1)), art-43/par-1 — https://japanlaw.org/en/sme-retirement-allowance-act/art-43/par-1
- art-77/par-1/item-5: 同条第二項 → 中小企業退職金共済法 第四十三条第二項 (Article 43, paragraph (2)), art-43/par-2 — https://japanlaw.org/en/sme-retirement-allowance-act/art-43/par-2
- art-77/par-1/item-5: 第三項 → 中小企業退職金共済法 第四十三条第三項 (Article 43, paragraph (3)), art-43/par-3 — https://japanlaw.org/en/sme-retirement-allowance-act/art-43/par-3
- art-77/par-2: 前項第三号 → 中小企業退職金共済法 第七十七条第一項第三号 (Article 77, paragraph (1), item (iii)), art-77/par-1/item-3 — https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-3
- art-77/par-2: 同項第一号 → 中小企業退職金共済法 第七十七条第一項第一号 (Article 77, paragraph (1), item (i)), art-77/par-1/item-1 — https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-1/item-1
- art-77/par-4: 通則法第四十七条 → e-Gov law 411AC0000000103, 第四十七条 (Article 47), art-47 — not held in this collection
## Cited by
7 provisions cite this one. No official source publishes this direction.
- 中小企業退職金共済法 第七十七条第二項（余裕金の運用の特例） — https://japanlaw.org/en/sme-retirement-allowance-act/art-77/par-2
- 中小企業退職金共済法 第七十八条第三項（余裕金の運用に関する基本方針等） — https://japanlaw.org/en/sme-retirement-allowance-act/art-78/par-3
- 中小企業退職金共済法 第七十九条第一項第一号（協議） — https://japanlaw.org/en/sme-retirement-allowance-act/art-79/par-1/item-1
- 中小企業退職金共済法 第九十二条第一項第三号 — https://japanlaw.org/en/sme-retirement-allowance-act/art-92/par-1/item-3
- 中小企業退職金共済法 附則第五条第五項（旧組合の解散等） — https://japanlaw.org/en/sme-retirement-allowance-act/suppl-3561-38/art-5/par-5
- 中小企業退職金共済法 附則第六条第六項（特定業種退職金共済組合の解散等） — https://japanlaw.org/en/sme-retirement-allowance-act/suppl-4091-68/art-6/par-6
- 消費税法施行規則 第三条第一項第五号（保険料を対価とする役務の提供等から除くものの範囲） — https://japanlaw.org/en/consumption-tax-act-enforcement-regulation/art-3/par-1/item-5 (e-Gov law ID 363M50000040053)
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## Sources
- e-Gov 法令検索, Digital Agency (デジタル庁) — 中小企業退職金共済法 — the text in force from 2025-06-01 (https://laws.e-gov.go.jp/law/334AC0000000160/20250601_504AC0000000068), retrieved 2026-11-06
- Japanese Law Translation Database System, Ministry of Justice (法務省) — 中小企業退職金共済法 — its English title as the Ministry of Justice's translation database lists it (https://www.japaneselawtranslation.go.jp/en/laws/view/1775), retrieved 2026-09-23
- claude-sonnet-5-5 — Machine translation, batch sme-retirement-allowance-act-20261106T173426-014, translated 2026-11-07
- claude-sonnet-5-5 — Machine translation, batch sme-retirement-allowance-act-20261106T173426-015, translated 2026-11-07
- claude-sonnet-5-5, corrected on review by claude-opus-5-5 — Machine translation corrected on review, batch sme-retirement-allowance-act-20261106T173426-015, translated 2026-11-07
- This site's parser, version 225 — 中小企業退職金共済法 — structure, counts, cross-references and defined terms, computed 2026-11-06