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Easy Ways to Learn about Retirement Pensions

  • Participant (Pension Holder)
    A worker who has joined a retirement pension plan(DB, DC, IRP). The pension holder can prepare his/her life after retirement with retirement benefits and additional contributions.
  • Employer
    It is a company establishing retirement pension plans
    as retirement benefit scheme.
    The employer has
    to pay contributions regularly
    for employees’ retirement benefits.
  • Retirement pension trustee
    A financial institution registered to carry out tasks
    as a retirement pension service provider. The reitirement pension trustee receives contributions from employers and provides operational services such as managing the reserves with employers and pension holders.
  • Contribution
    “Contribution” refers to money paid for the worker’s retirement benefits and there are two types.
    Participants can deposit extra money to a DC or IRP account.
  • Reserve (pension asset)
    "Reserve" refers to money accumulated with contributions paid by an employer or a pension holder
    in order to pay benefits when the retirement benefit needs to be paid due to retirement of the pension holder, etc.
  • Line up funds
    “Line up funds” refer to the best funds in the view of earnings, management philosophy and appropriate volume among a variety of funds. Pension holders and employers are able to make an investment their reserves in best funds recommended by a pension service provider.
  • Retirement benefit
    “Retirement benefit” refers to a payment given to
    a worker who retires as lump sum or annuity.
  • Guarantee of employee retirement benefit
    The purpose of the Employee Retirement Benefit Security Act is to secure workers' stable livelihoods in their
    old age by stipulating matters needed to establish and operate a retirement benefit scheme for workers.
    Originally, the retirement benefit scheme covered in 「Labor Standard Act」.
    However, aging of society goes on rapidly, matters concerning retirement benefits are detached and to be covered
    in 「Employee Retirement Benefit Security Act」.

Retirement Pension Management Structure