We are pleased to inform you that we have decided to introduce a defined contribution pension plan as a retirement benefit plan for our employees.
In addition, the introduction of this system requires the approval of the defined contribution corporate pension agreement from the Ministry of Health, Labor and Welfare, and we would like to inform you that the necessary procedures and approval have been completed.
1. Purpose of system change By introducing a defined contribution pension plan, we will respond flexibly to the diversifying life plans and financial needs of our employees, support their self-help efforts as part of our benefit program, and improve our financial situation. The purpose is to reduce the risk of instability, stabilize management, and realize a retirement benefit system that can be operated stably over the long term.
2. Overview of the system Scheduled introduction date: April 1, 2019 Operation and management organization: SBI Benefit Systems Co., Ltd. Asset management organization: Mizuho Trust & Banking Co., Ltd.
It shall be possible to use it as a defined contribution pension contribution and a lifetime planning advance payment at the employee's will (selection system).