# 国民年金法 / National Pension Act — 第百二十八条 (Article 128) - Law: 国民年金法 (National Pension Act), 昭和三十四年法律第百四十一号 - English title "National Pension 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: 第百二十八条 (Article 128)（基金の業務） — address `art-128` - Text in force since: 2026-10-01 - URL (the page that opens at this provision): https://japanlaw.org/ja/national-pension-act/art-128 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/334AC0000000141/art-128 - 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. --- ### 第百二十八条（基金の業務） — Operations of a National Pension Fund caption: machine translation, not official art-128 · https://japanlaw.org/ja/national-pension-act/art-128 · https://japanlaw.org/l/334AC0000000141/art-128 **第一項** 基金は、加入員又は加入員であつた者に対し、年金の支給を行ない、あわせて加入員又は加入員であつた者の死亡に関し、一時金の支給を行なうものとする。 art-128/par-1 · https://japanlaw.org/ja/national-pension-act/art-128/par-1 · https://japanlaw.org/l/334AC0000000141/art-128/par-1 A National Pension Fund is to pay a pension to a member or a person who was a member, and is also to pay a lump-sum benefit in connection with the death of a member or a person who was a member. machine translation, not official **第二項** 基金は、加入員及び加入員であつた者の福祉を増進するため、必要な施設をすることができる。 art-128/par-2 · https://japanlaw.org/ja/national-pension-act/art-128/par-2 · https://japanlaw.org/l/334AC0000000141/art-128/par-2 A National Pension Fund may establish facilities necessary to promote the welfare of members and persons who were members. machine translation, not official **第三項** 基金は、信託会社（信託業法（平成十六年法律第百五十四号）第三条又は第五十三条第一項の免許を受けたものに限る。以下同じ。）、信託業務を営む金融機関（金融機関の信託業務の兼営等に関する法律（昭和十八年法律第四十三号）第一条第一項の認可を受けた金融機関をいう。以下同じ。）、生命保険会社、農業協同組合連合会（全国を地区とし、農業協同組合法（昭和二十二年法律第百三十二号）第十条第一項第十号の事業を行うものに限る。以下同じ。）若しくは共済水産業協同組合連合会（全国を地区とするものに限る。以下同じ。）又は金融商品取引業者（金融商品取引法（昭和二十三年法律第二十五号）第二条第九項に規定する金融商品取引業者をいう。以下同じ。）と、当該基金が支給する年金又は一時金に要する費用に関して信託、保険若しくは共済の契約又は投資一任契約（同条第八項第十二号ロに規定する契約をいう。以下同じ。）を締結するときは、政令の定めるところによらなければならない。 art-128/par-3 · https://japanlaw.org/ja/national-pension-act/art-128/par-3 · https://japanlaw.org/l/334AC0000000141/art-128/par-3 A National Pension Fund must, when it concludes, with a trust company (limited to one that has obtained a license under Article 3 or Article 53, paragraph (1) of the Trust Business Act (Act No. 154 of 2004); the same applies below), a financial institution engaged in trust business (meaning a financial institution that has obtained the approval under Article 1, paragraph (1) of the Act on Engagement in Trust Business by Financial Institutions (Act No. 43 of 1943); the same applies below), a life insurance company, a federation of agricultural cooperatives (limited to one whose district is the whole country and that conducts the business set forth in Article 10, paragraph (1), item (x) of the Agricultural Co-operatives Act (Act No. 132 of 1947); the same applies below), or a federation of fishery cooperatives for mutual aid (limited to one whose district is the whole country; the same applies below), or a financial instruments business operator (meaning a financial instruments business operator as defined in Article 2, paragraph (9) of the Financial Instruments and Exchange Act (Act No. 25 of 1948); the same applies below), a contract of trust, insurance or mutual aid, or a discretionary investment contract (meaning a contract prescribed in Article 2, paragraph (8), item (xii), sub-item (b) of that Article; the same applies below), concerning the expenses required for the pension or lump-sum benefit paid by that National Pension Fund, do so as provided by Cabinet Order. machine translation, not official **第四項** 信託会社、信託業務を営む金融機関、生命保険会社、農業協同組合連合会若しくは共済水産業協同組合連合会又は金融商品取引業者は、正当な理由がある場合を除き、前項に規定する契約（運用方法を特定する信託の契約であつて、政令で定めるものを除く。）の締結を拒絶してはならない。 art-128/par-4 · https://japanlaw.org/ja/national-pension-act/art-128/par-4 · https://japanlaw.org/l/334AC0000000141/art-128/par-4 A trust company, a financial institution engaged in trust business, a life insurance company, a federation of agricultural cooperatives or a federation of fishery cooperatives for mutual aid, or a financial instruments business operator must not refuse to conclude a contract prescribed in the preceding paragraph (excluding a trust contract that specifies the method of investment and that is specified by Cabinet Order), except where there is a justifiable reason. machine translation, not official **第五項** 基金は、政令で定めるところにより、厚生労働大臣の認可を受けて、その業務（加入員又は加入員であつた者に年金又は一時金の支給を行うために必要となるその者に関する情報の収集、整理又は分析を含む。）の一部を信託会社、信託業務を営む金融機関、生命保険会社、農業協同組合連合会、共済水産業協同組合連合会、国民年金基金連合会その他の法人に委託することができる。 art-128/par-5 · https://japanlaw.org/ja/national-pension-act/art-128/par-5 · https://japanlaw.org/l/334AC0000000141/art-128/par-5 A National Pension Fund may, as provided by Cabinet Order and with the authorization of the Minister of Health, Labour and Welfare, entrust part of its operations (including the collection, organization or analysis of information concerning a member or a person who was a member, that is necessary for paying a pension or lump-sum benefit to that person) to a trust company, a financial institution engaged in trust business, a life insurance company, a federation of agricultural cooperatives, a federation of fishery cooperatives for mutual aid, the National Pension Fund Association, or any other juridical person. machine translation, not official **第六項** 銀行その他の政令で定める金融機関は、他の法律の規定にかかわらず、前項の業務（第百二十七条第一項の申出の受理に関する業務に限る。）を受託することができる。 art-128/par-6 · https://japanlaw.org/ja/national-pension-act/art-128/par-6 · https://japanlaw.org/l/334AC0000000141/art-128/par-6 Notwithstanding the provisions of other Acts, a bank or any other financial institution specified by Cabinet Order may accept entrustment of the operations set forth in the preceding paragraph (limited to operations concerning the acceptance of requests under Article 127, paragraph (1)). machine translation, not official --- ## Cites - art-128/par-3: 信託業法（平成十六年法律第百五十四号）第三条 → e-Gov law 416AC0000000154, 第三条 (Article 3), art-3 — not held in this collection - art-128/par-3: 第五十三条第一項 → e-Gov law 416AC0000000154, 第五十三条第一項 (Article 53, paragraph (1)), art-53/par-1 — not held in this collection - art-128/par-3: 金融機関の信託業務の兼営等に関する法律（昭和十八年法律第四十三号）第一条第一項 → e-Gov law 318AC0000000043, 第一条第一項 (Article 1, paragraph (1)), art-1/par-1 — not held in this collection - art-128/par-3: 農業協同組合法（昭和二十二年法律第百三十二号）第十条第一項第十号 → e-Gov law 322AC0000000132, 第十条第一項第十号 (Article 10, paragraph (1), item (x)), art-10/par-1/item-10 — not held in this collection - art-128/par-3: 金融商品取引法（昭和二十三年法律第二十五号）第二条第九項 → e-Gov law 323AC0000000025, 第二条第九項 (Article 2, paragraph (9)), art-2/par-9 — not held in this collection - art-128/par-3: 同条第八項第十二号 → e-Gov law 323AC0000000025, 第二条第八項第十二号 (Article 2, paragraph (8), item (xii)), art-2/par-8/item-12 — not held in this collection - art-128/par-4: 前項 → 国民年金法 第百二十八条第三項 (Article 128, paragraph (3)), art-128/par-3 — https://japanlaw.org/ja/national-pension-act/art-128/par-3 · https://japanlaw.org/l/334AC0000000141/art-128/par-3 - art-128/par-6: 前項 → 国民年金法 第百二十八条第五項 (Article 128, paragraph (5)), art-128/par-5 — https://japanlaw.org/ja/national-pension-act/art-128/par-5 · https://japanlaw.org/l/334AC0000000141/art-128/par-5 - art-128/par-6: 第百二十七条第一項 → 国民年金法 第百二十七条第一項 (Article 127, paragraph (1)), art-127/par-1 — https://japanlaw.org/ja/national-pension-act/art-127/par-1 · https://japanlaw.org/l/334AC0000000141/art-127/par-1 ## Cited by 7 provisions cite this one. No official source publishes this direction. - 住民基本台帳法 別表第一 — https://japanlaw.org/ja/residential-basic-book-act/appdx-1 · https://japanlaw.org/l/342AC0000000081/appdx-1 - 国民年金法 第百二十八条第四項（基金の業務） — https://japanlaw.org/ja/national-pension-act/art-128/par-4 · https://japanlaw.org/l/334AC0000000141/art-128/par-4 - 国民年金法 第百二十八条第六項（基金の業務） — https://japanlaw.org/ja/national-pension-act/art-128/par-6 · https://japanlaw.org/l/334AC0000000141/art-128/par-6 - 国民年金法 第百三十七条の十五第二項第二号（連合会の業務） — https://japanlaw.org/ja/national-pension-act/art-137-15/par-2/item-2 · https://japanlaw.org/l/334AC0000000141/art-137-15/par-2/item-2 - 国民年金法 第百三十七条の十五第五項（連合会の業務） — https://japanlaw.org/ja/national-pension-act/art-137-15/par-5 · https://japanlaw.org/l/334AC0000000141/art-137-15/par-5 - 所得税法 第十三条第三項第二号（信託財産に属する資産及び負債並びに信託財産に帰せられる収益及び費用の帰属） — https://japanlaw.org/ja/income-tax-act/art-13/par-3/item-2 · https://japanlaw.org/l/340AC0000000033/art-13/par-3/item-2 - 法人税法 第十二条第四項第一号（信託財産に属する資産及び負債並びに信託財産に帰せられる収益及び費用の帰属） — https://japanlaw.org/ja/corporation-tax-act/art-12/par-4/item-1 · https://japanlaw.org/l/340AC0000000034/art-12/par-4/item-1 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 国民年金法 — the text in force from 2026-10-01 (https://laws.e-gov.go.jp/law/334AC0000000141/20261001_507AC0000000074), retrieved 2026-10-05 - Japanese Law Translation Database System, Ministry of Justice (法務省) — 国民年金法 — its English title as the Ministry of Justice's translation database lists it (https://www.japaneselawtranslation.go.jp/en/laws/view/1772), retrieved 2026-09-18 - claude-sonnet-5 — Machine translation, batch national-pension-act-20260923T214903-031, translated 2026-09-24 - claude-sonnet-5 — Machine translation, batch national-pension-act-20260923T222116-004, translated 2026-09-24 - This site's parser, version 211 — 国民年金法 — structure, counts, cross-references and defined terms, computed 2026-10-05