Defined contribution pension (corporate type)

Business owners who plan to operate corporate type pensions create pension rules that define the details of the system based on agreement between employees and management and receive approval from the Minister of Health, Labour and Welfare.
Business owners enter into a contract with trust banks and other asset management institutions concerning the management of assets and contribute payments.
The asset management institution provides information to members concerning the investment method and investment products, and members provide investment instructions to the asset management institution based on that information.
The asset management institution compiles the investment instructions from the members and provides investment instructions to trust banks and other asset management institution and holds records concerning the members.
Based on the contracts mentioned in item 2 and the investment instructions mentioned in item 4, the trust banks and other asset management institutions administer and manage the pension assets and conduct operations such as payment to beneficiaries.

Defined contribution pension (corporate type) | Defined contribution pension (individual type)