# 厚生年金保険法 / Employees' Pension Insurance Act — 第三十七条 (Supplementary Provisions, Article 37)

- Law: 厚生年金保険法 (Employees' Pension Insurance Act), 昭和二十九年法律第百十五号
- English title "Employees' Pension Insurance Act": Ministry of Justice translation
- 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: 第三十七条 (Supplementary Provisions, Article 37)（積立金の運用に関する経過措置） — address `suppl-4121-18/art-37`
- Text in force since: 2026-10-01
- URL (the page that opens at this provision): https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37
- Every provision below carries its address and both URLs 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.

---

### 第三十七条（積立金の運用に関する経過措置） — Transitional Measures Concerning Investment of Reserves
<sup>caption: machine translation, not official</sup>
<sup>suppl-4121-18/art-37 · https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37</sup>

**第一項**  厚生労働大臣は、平成十二年度末現在資金運用部に預託している年金積立金（特別会計に関する法律（平成十九年法律第二十三号）附則第六十六条第二十三号の規定による廃止前の国民年金特別会計法（昭和三十六年法律第六十三号）に基づく国民年金特別会計の国民年金勘定及び同条第五号の規定による廃止前の厚生保険特別会計法（昭和十九年法律第十号）に基づく厚生保険特別会計の年金勘定に係る積立金をいう。）については、第三条の規定による改正後の国民年金法第五章又は第七条の規定による改正後の厚生年金保険法第四章の二の規定（次項において「改正後の運用規定」という。）にかかわらず、年金積立金管理運用独立行政法人に対し、特別会計に関する法律第六十二条第一項の規定による公債を引き受けることを目的として寄託することができる。
<sup>suppl-4121-18/art-37/par-1 · https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37/par-1 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37/par-1</sup>
The Minister of Health, Labour and Welfare may, notwithstanding the provisions of Chapter V of the National Pension Act after the revision under the provisions of Article 3, or Chapter IV-2 of the Employees' Pension Insurance Act after the revision under the provisions of Article 7 (referred to in the following paragraph as the "amended investment provisions"), deposit, with the Government Pension Investment Fund, Independent Administrative Agency, for the purpose of having it underwrite government bonds under the provisions of Article 62, paragraph (1) of the Act on Special Accounts, the pension reserve Fund deposited with the Trust Fund Bureau as of the end of fiscal year 2000 (meaning the reserve Fund relating to the National Pension Account of the National Pension Special Account based on the Act on the National Pension Special Account (Act No. 63 of 1961) before its repeal under the provisions of Article 66, item (xxiii) of the Supplementary Provisions of the Act on Special Accounts (Act No. 23 of 2007), and the reserve Fund relating to the Pension Account of the Employees' Insurance Special Account based on the Act on the Employees' Insurance Special Account (Act No. 10 of 1944) before its repeal under the provisions of item (v) of that Article).
<sup>machine translation, not official</sup>

**第二項**  前項に規定する年金積立金の運用については、国民年金事業及び厚生年金保険事業の財政の安定的運営に配慮しつつ、資金運用部の既往の貸付けの継続にかかわる資金繰り及び市場に与える影響に配慮して、同項の規定による寄託その他の所要の措置を講ずるものとする。この場合において、年金積立金管理運用独立行政法人に対し改正後の運用規定により寄託した各年度末の年金特別会計の国民年金勘定及び厚生年金勘定の積立金の額が漸次増加するよう行うものとする。
<sup>suppl-4121-18/art-37/par-2 · https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37/par-2 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37/par-2</sup>
With respect to investment of the pension reserve Fund prescribed in the preceding paragraph, deposit under the provisions of that paragraph and any other necessary measures are to be taken giving consideration to the stable financial operation of the National Pension program and employees' pension insurance services, and giving consideration to the cash flow relating to the continuation of the Trust Fund Bureau's existing loans and the effect on the market. In this case, this is to be done so that the amount of the reserve Fund of the national pension section and the employees' pension section of the pension special account deposited with the Government Pension Investment Fund, Independent Administrative Agency, under the amended investment provisions, at the end of each fiscal year, gradually increases.
<sup>machine translation, not official</sup>

---

## Cites
- suppl-4121-18/art-37/par-1: 次項 → 厚生年金保険法 附則第三十七条第二項 (Supplementary Provisions, Article 37, paragraph (2)), suppl-4121-18/art-37/par-2 — https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37/par-2 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37/par-2
- suppl-4121-18/art-37/par-2: 前項 → 厚生年金保険法 附則第三十七条第一項 (Supplementary Provisions, Article 37, paragraph (1)), suppl-4121-18/art-37/par-1 — https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37/par-1 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37/par-1

## Cited by

3 provisions cite this one. No official source publishes this direction.

- 厚生年金保険法 附則第一条第一項第六号（施行期日） — https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-1/par-1/item-6 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-1/par-1/item-6
- 厚生年金保険法 附則第三十七条第一項（積立金の運用に関する経過措置） — https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37/par-1 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37/par-1
- 厚生年金保険法 附則第三十七条第二項（積立金の運用に関する経過措置） — https://japanlaw.org/ja/employees-pension-insurance-act/suppl-4121-18/art-37/par-2 · https://japanlaw.org/l/329AC0000000115/suppl-4121-18/art-37/par-2

---

## Sources

- e-Gov 法令検索, Digital Agency (デジタル庁) — 厚生年金保険法 — the text in force from 2026-10-01 (https://laws.e-gov.go.jp/law/329AC0000000115/20261001_507AC0000000074), retrieved 2026-10-13
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Employees' Pension Insurance Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/3554/tb), retrieved 2026-10-13
- claude-sonnet-5-5 — Machine translation, batch employees-pension-insurance-act-20261013T074650-056, translated 2026-10-13
- This site's parser, version 190 — 厚生年金保険法 — structure, counts, cross-references and defined terms, computed 2026-10-13
