Contract-type corporate pension trusts

Within the defined benefits type corporate pensions, with the agreement of employees, business owners make external contributions of payments in accordance with the pension rules that define the system with the management and administration of such pension assets and payment of pensions called contract-type corporate pension trusts.
The management and administration of such pension assets entrusted to trusts banks are called contract-type corporate pension trust.
Trust banks manage and administer the pension assets in accordance with the contract for a corporate pension trust operated by multiple employers and undertake operations such as actuarial accounting, payments of pensions, and lump sum payments to retirees.

Contract-type corporate pension trust

With the agreement of employees, business owners establish the rules of the pension fund that define matters such as qualifications to receive benefits, benefit details and methods, and premium payments.
Business owners establish pension rules mentioned in item 1 with the approval of the Minister of Health, Labour and Welfare.
Trust banks enter into a contract with business owners on the corporate pension trust operated by multiple employers concerning matters such as premium payments and the management of reserves.
Trust banks manage and administer the pension assets in accordance with the contract mentioned in item 3 and conduct operations such as actuarial accounting, payment of pensions, and lump sum payments to retirees.

Contract-type corporate pension trusts | Fund-type corporate pension trust

Employees' pension fund trust | Defined benefits corporate pensions trusts | Defined contribution persion | Employee retirement benefit trust