Pension Funding and Additional-Cost Risk in Multi-Employer Plans
First written in FY2017. 4 of 9 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
Mirai Industry moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Tokyo Electrical Construction Industry Corporate Pension Fund Pension assets ¥77,892 million Total of the actuarial liability calculated for pension funding purposes and the minimum liability reserve ¥74,960 million Difference ¥2,736 million」
Although the Tokyo Electrical Construction Industry Corporate Pension Fund maintained a surplus, the difference decreased from ¥2,849 million in the previous fiscal year to ¥2,736 million. - FY2025WorsenedAnnual report
「Tokyo Electrical Construction Industry Corporate Pension Fund Pension assets ¥77,892 million Total of the actuarial liability calculated for pension funding purposes and the minimum liability reserve ¥75,043 million Difference ¥2,849 million」
Although the surplus was maintained, the difference decreased from ¥2,953 million in the previous fiscal year to ¥2,849 million. - FY2024WorsenedAnnual report
「Tokyo Electrical Construction Industry Corporate Pension Fund Pension assets ¥73,558 million Total of the actuarial liability calculated for pension funding purposes and the minimum liability reserve ¥66,585 million Difference ¥2,953 million」
Although the surplus was maintained, the difference decreased from ¥7,771 million in the previous fiscal year to ¥2,953 million. - FY2023MitigatedAnnual report
「Tokyo Electrical Construction Industry Corporate Pension Fund Pension assets ¥73,558 million Total of the actuarial liability calculated for pension funding purposes and the minimum liability reserve ¥65,787 million Difference ¥7,771 million」
The Tokyo Electrical Construction Industry Corporate Pension Fund had a surplus of ¥7,771 million, up from ¥7,324 million in the previous fiscal year. - FY2022MitigatedAnnual report
「Tokyo Electrical Construction Industry Corporate Pension Fund Pension assets ¥73,410 million Total of the actuarial liability calculated for pension funding purposes and the minimum liability reserve ¥66,085 million Difference ¥7,324 million」
The difference for the Tokyo Electrical Construction Industry Corporate Pension Fund shifted from a ¥3,372 million deficit in the previous fiscal year to a ¥7,324 million surplus. - FY2020ReframedAnnual report
「Tokyo Electrical Construction Industry Corporate Pension Fund Pension assets ¥66,145 million Total of the actuarial liability calculated for pension funding purposes and the minimum liability reserve ¥65,081 million Difference ¥1,064 million」
The disclosure describes the plan after the transition from the Tokyo Electrical Construction Industry Employees’ Pension Fund to the Tokyo Electrical Construction Industry Corporate Pension Fund, showing a difference of ¥1,064 million. The description of the multi-employer plan and its financial position has changed to reflect the new fund. - FY2019MitigatedAnnual report
「Tokyo Electrical Construction Industry Employees’ Pension Fund Pension assets ¥191,813 million Total of the actuarial liability calculated for pension funding purposes and the minimum liability reserve ¥176,040 million Difference ¥15,773 million」
The Tokyo Electrical Construction Industry Employees’ Pension Fund had a surplus of ¥15,773 million, up from ¥13,933 million in the previous fiscal year. - FY2018MitigatedAnnual report
「Carryforward unfunded amount calculated for pension funding purposes of the Tokyo Electrical Construction Industry Employees’ Pension Fund (¥3,632 million in the previous consolidated fiscal year and ¥— million in the current consolidated fiscal year)」
The carryforward unfunded amount, which was ¥3,632 million in the previous fiscal year, is stated as zero for the current fiscal year, indicating an improvement in the additional contribution risk associated with the multi-employer plan. - FY2017First statedAnnual report
「The carryforward unfunded amount calculated for pension funding purposes, which was ¥— million in the previous consolidated fiscal year and ¥3,632 million in the current consolidated fiscal year, will be addressed, as necessary, by methods such as raising the special contribution rate based on an actuarial revaluation.」
The disclosure describes the ¥3,632 million carryforward unfunded amount of the Tokyo Electrical Construction Industry Employees’ Pension Fund and the possibility of addressing it, as necessary, by raising the special contribution rate. It does not disclose any additional contribution for the current fiscal year.