Can I withdraw my pension assets when I leave my company?

The defined contribution pension plan is a pension scheme stipulated by law for the purpose of stabilizing your life in retirement, therefore, in principle, pension assets cannot be withdrawn until... Show Detail

What is the difference between a corporate-type DC and an individual-type DC (iDeCo)?

The main differences are as follows ■ Implementing organization It is your company for a corporate-type DC and the National Pension Fund Association for an individual-type DC (iDeCo). ... Show Detail

What procedures are required when a participant dies?

The bereaved family may request a lump-sum death benefit. The bereaved family is requested to contact the AnswerCenter.(Link) (Please have the deceased's basic pension number or participant c... Show Detail

When I change jobs and transfer my assets to a new defined contribution pension plan, can I keep investing in the same investment products without them being...

When you take rollover procedures, the investment products you hold will be sold and converted to cash, and the investment products of the new plan will be purchased. The product code is assigned b... Show Detail

Does “DC Participation History” in the Account Statement mean the total period enrolled in the defined contribution pension plans up to date?

If you have transferred your assets from the previous plan, your assets and period are transferred and shown as the total period. Information of the previous plan may not be reflected immediatel... Show Detail

Who pays contributions?

There are two types of defined contribution pension plans: corporate-type DC and individual-type DC (iDeCo). The company (*1) pays contributions in a corporate-type DC while the participant (*2)... Show Detail

What is a plan administrator?

It refers to an institution that manages defined contribution pension plans. A plan administrator records and keeps information related to participants and investment instructors (hereinafte... Show Detail

What is a defined contribution pension (DC) plan?

A defined contribution pension (DC) plan is a pension scheme in which participants themselves invest contributions paid for them and future benefits are determined depending on investment results. ... Show Detail

What is portability?

In a defined contribution pension plan, portability refers to transferring assets. When you lose participant eligibility in a defined contribution pension plan, you can transfer your pension... Show Detail

What is the voluntary participation system of the National Pension?

If you do not meet the eligibility requirements to receive the Old-age Basic Pension by the age of 60, or if you cannot receive the full amount of Old-age Basic Pension due to less than 40 years of... Show Detail