Retirement benefit obligations and the operating environment for employees’ pension funds
First written in FY2016. 1 of 3 entries say "Materialised", first in FY2017. Latest entry: FY2018.
25 other companies' latest entry also says "Mitigated".
- FY2018MitigatedAnnual report
「Following the Osaka Prefecture Construction Employees’ Pension Fund’s receipt of approval for dissolution from the Minister of Health, Labour and Welfare on 30 May 2017, the company transferred on 1 June 2017 to the Osaka Prefecture Construction Corporate Pension Fund, which was established as the successor system. There are no additional contributions associated with the dissolution of the Osaka Prefecture Construction Employees’ Pension Fund.」
Although a change in the pension fund system occurred, the transfer to the successor system was completed, and it states that there are no additional contributions associated with the dissolution. - FY2017MaterialisedAnnual report
「The Osaka Prefecture Construction Employees’ Pension Fund, in which the company participated, received approval for dissolution from the Minister of Health, Labour and Welfare on 30 May 2017, and the company transferred to the Osaka Prefecture Construction Corporate Pension Fund (defined-benefit corporate pension), which was established as the successor system on 1 June 2017.」
The previously identified risk of a change in the pension fund system materialized, and the company transferred to the successor corporate pension fund. It states that no additional contributions are expected. - FY2016First statedAnnual report
「The company is also enrolled in a multi-employer employees’ pension fund, but deterioration in the investment environment or changes to the fund system could affect the performance of the group.」
It identifies changes in expenses and liabilities resulting from the discount rate, expected return on pension assets, changes to the fund system, and other factors.