Retirement Benefit Expense Related to the Expected Dissolution of the Tokyo Metal Industry Employees’ Pension Fund
First written in FY2017-Q3. 1 of 3 entries say "Materialised", first in FY2017. Latest entry: FY2019.
0 other companies' latest entry also says "Cited as achieved".
- FY2019Cited as achievedAnnual report
「The Tokyo Metal Industry Employees’ Pension Fund, in which the company participates and which is a multi-employer scheme, was dissolved on 22 March 2017 with the approval of the Minister of Health, Labour and Welfare. No additional contribution arising from the dissolution of the fund was expected.」
The notes record as past facts the dissolution of the Employees’ Pension Fund and the absence of any expected additional contribution. - FY2017MaterialisedAnnual report
「The Tokyo Metal Industry Employees’ Pension Fund, in which the company participates and which is a multi-employer scheme, was dissolved on 22 March 2017 with the approval of the Minister of Health, Labour and Welfare. No additional contribution arising from the dissolution of the fund was expected. Accordingly, the company recorded retirement benefit expense of ¥192 million as an extraordinary loss.」
The Employees’ Pension Fund, whose dissolution had been expected, was actually dissolved, and the company recorded retirement benefit expense of ¥192 million associated with the alternative scheme as an extraordinary loss. - FY2017-Q3First statedAnnual report
「Because the Tokyo Metal Industry Employees’ Pension Fund, in which the company participates, was expected to be dissolved, the company reached a labor-management agreement on 9 December 2016 to establish an alternative scheme for the pension benefits attributable to the fund’s additional portion, which would cease to exist upon dissolution. Accordingly, the company expects to record retirement benefit expense of ¥193 million as an extraordinary loss for the fiscal year ending February 2017.」
Following the expected dissolution of the Employees’ Pension Fund, the company reached a labor-management agreement on establishing an alternative scheme. It expected to record retirement benefit expense of ¥193 million as an extraordinary loss for the fiscal year ending February 2017, but had not yet recorded it as of the quarter-end.