• No : 1538
  • Displayed Date : 2024/02/19 18:39
  • Updated DTM : 2024/03/14 17:38
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I want to take rollover procedures for my pension assets in the corporate-type DC of my previous company. When do I need to complete the procedures to avoid automatic rollover?

Answer

If a participant in a corporate-type DC loses his/her participant eligibility before age 60 and fails to complete the rollover procedures during the procedure period (*), the assets of the corporate-type DC will be automatically transferred to the National Pension Fund Association"国民年金基金連合会".
(*)Within 6 months from the month following the month which the loss of participant eligibility date (day following the date of retirement) belongs to
 
Example: If you retire on March 31, the deadline is the end of October.
 
If you want to roll over your assets to your individual-type DC (iDeCo) or corporate-type DC account at Sompo Japan DC Securities, the deadline for submission of documents is the [seventh business day counting from the last business day of the deadline month]. Please submit completed necessary documents by the deadline.
 
For an individual-type DC (iDeCo) and a corporate-type DC other than Sompo Japan DC Securities, please check with the financial institution where you apply.