Transition to Defined Contribution Pensions and Introduction of a Points-Based System for Retirement Benefits
First written in FY2023-Q1. 1 of 3 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Other".
- FY2023-Q3Recognition of Gain on Revision of Retirement Benefit PlanAnnual report
「Effective 1 October 2022, we revised our retirement benefit plans, partially reviewed benefit levels, introduced a defined contribution pension plan for the corporate pensions of active employees, and fully transferred them from the defined-benefit corporate pension plan. For the accounting treatment associated with the transition and related changes, we applied the Accounting Standard for Accounting Treatment of Transfers between Retirement Benefit Plans and the Practical Solution on Accounting Treatment of Transfers between Retirement Benefit Plans. As a result, we recognized a gain on revision of retirement benefit plans of ¥376 million as extraordinary income in the consolidated accounting period for the third quarter of the current fiscal year.」
The full transfer from the defined-benefit corporate pension plan to the defined contribution pension plan and related changes effective 1 October 2022 were implemented, and a ¥376 million gain on revision of retirement benefit plans was recognized. - FY2023-Q2AchievedAnnual report
「Effective 1 October 2022, we transferred part of the defined-benefit corporate pension plan to a defined contribution pension plan and introduced a points-based system for the retirement lump-sum plan, defined-benefit corporate pension plan and defined contribution pension plan.」
The transition to the plans and introduction of the points-based system scheduled for 1 October 2022, as previously disclosed, were implemented. The amount of the accounting impact was stated to be under evaluation. - FY2023-Q1First statedAnnual report
「Effective 1 October 2022, we plan to transfer part of the existing defined-benefit corporate pension plan to a defined contribution pension plan, and introduce a points-based system for the retirement lump-sum plan, defined-benefit corporate pension plan and defined contribution pension plan.」
The plan to transfer part of the defined-benefit corporate pension plan to a defined contribution pension plan and introduce a points-based system for the retirement lump-sum plan, defined-benefit pension plan and defined contribution pension plan from 1 October 2022 was disclosed for the first time.