Dissolution of Employees' Pension Fund and Transition to Corporate Pension Fund
First written in FY2017. 2 of 5 entries say "Mitigated", first in FY2020. Latest entry: FY2022.
0 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「The separately accumulated reserves for the consolidated fiscal year amounted to ¥276 million.」
For the Sake Foods Corporate Pension Fund, the position changed from a net amount of negative ¥266 million in the previous fiscal year to separately accumulated reserves of ¥276 million in the current fiscal year. - FY2020MitigatedAnnual report
「For the consolidated fiscal year, the amount comprised ¥957 million in past service liabilities under pension financial calculations, ¥362 million in separately accumulated reserves and a current-year deficit of ¥40 million.」
The funding shortfall at the successor Sake Foods Corporate Pension Fund narrowed from negative ¥976 million in the previous fiscal year to negative ¥634 million. - FY2019Disclosure of the funding shortfall at the successor corporate pension fundAnnual report
「The main factors in the net amount in (1) above are ¥1,338 million in past service liabilities under pension financial calculations and ¥362 million in current-year surplus. Past service liabilities under this scheme are amortised on a level-payment basis over 4 years and 3 months, and our group has expensed ¥116 million in special contributions in the consolidated financial statements.」
For the successor Sake Foods Corporate Pension Fund, the net amount of pension assets and actuarial liabilities was negative ¥976 million, and ¥116 million in special contributions was expensed. - FY2018RestatedAnnual report
「With respect to the employees' pension fund system, our company and 2 consolidated subsidiaries had participated in the Sake Foods Employees' Pension Fund, a jointly established fund, which was dissolved with the approval of the Minister of Health, Labour and Welfare effective 31 March 2017. Accordingly, all of our company and 2 consolidated subsidiaries transferred to the newly established Sake Foods Corporate Pension Fund as the successor scheme from 1 April 2017.」
The company continues to disclose the dissolution of the Sake Foods Employees' Pension Fund and the transfer to the Sake Foods Corporate Pension Fund. - FY2017First statedAnnual report
「With respect to the employees' pension fund system, our company and 2 consolidated subsidiaries had participated in the Sake Foods Employees' Pension Fund, a jointly established fund, which was dissolved with the approval of the Minister of Health, Labour and Welfare effective 31 March 2017. Accordingly, we transferred to the newly established Sake Foods Corporate Pension Fund as the successor scheme from 1 April 2017.」
The Sake Foods Employees' Pension Fund was dissolved effective 31 March 2017, and the company transferred to the successor corporate pension fund from 1 April. No additional burden is expected to arise.