• Design of the retirement pension plan

  • Provide seminars and presentations to employer and employee to help them select an appropriate plan.
  • Design a plan reflecting the company’s wage system, personnel structure, financial situation, etc.

• Execution of pension regulations and report

  • Enact retirement pension regulations through labor-management agreement and report to the competent labor office.
  • The employer’s representative refers to the labor union comprising a majority of employees, or a majority of the entire workforce.

• Signing of agreement and implementation of plan

  • Conclude operational management and asset management contracts with the pension provider.
  • Prepare a list of subscribers and submit documents required for calculating contributions.

• Payment of contributions

  • Pay contributions are calculated on a regular basis according to retirement pension regulations.
  • For DB plan, pay contributions are calculated through actuarial valuation to the pension provider.
  • For DC plan, pay 1/12th or more of total annual salaries.

• Operation of reserves

  • Under a DB plan, the company selects/manages financial products and retains operational returns.
  • Under a DC plan, the employee selects/manages financial products and retains operational returns.
  • Report on operational status including reserves and returns is provided at least once a year.