Withdrawal from the Corporate Pension Fund and Transition to a Defined Contribution Pension Plan
First written in FY2019-Q2. 2 of 4 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020AchievedAnnual report
「In addition, the company introduced a new defined-contribution pension plan during the current consolidated fiscal year.」
Following withdrawal from the Tokyo Electrical Industry Corporate Pension Fund, the company introduced a defined-contribution pension plan to maintain employees' corporate pensions. - FY2019AdvancedAnnual report
「The company and certain domestic subsidiaries had participated in the Tokyo Electrical Industry Corporate Pension Fund, but withdrew from it effective 31 March 2019. As a result, the company recognized a loss on withdrawal from a corporate pension fund of ¥406 million as an extraordinary loss in the current consolidated fiscal year.」
Withdrawal from the Tokyo Electrical Industry Corporate Pension Fund, which was at the planning and approval stage in the previous filing, was completed effective 31 March 2019. The completion of the defined-contribution pension plan's introduction cannot be confirmed in this filing. - FY2019-Q3AdvancedAnnual report
「At a representatives' meeting of the Tokyo Electrical Industry Corporate Pension Fund held on 22 January 2019, the withdrawal of the company and 2 domestic subsidiaries from the fund was approved. Withdrawal of the company and the 2 domestic subsidiaries from the fund was scheduled for 31 March 2019. A special contribution of approximately ¥420 million was expected to be payable upon withdrawal and was scheduled to be recognized as an extraordinary loss in the fiscal year ending March 2019. In addition, the company and the 2 domestic subsidiaries planned to introduce a new defined-contribution pension plan to maintain employees' corporate pensions.」
Regarding the withdrawal policy announced in the previous quarter, withdrawal was approved at the representatives' meeting on 22 January 2019. Withdrawal on 31 March 2019 and the introduction of a defined-contribution pension plan remained scheduled for the future. - FY2019-Q2First statedAnnual report
「At a Board of Directors meeting held on 5 November 2018, the company and 2 domestic subsidiaries resolved to withdraw from the fund. If withdrawal from the fund were approved, a special contribution of approximately ¥420 million would be payable upon withdrawal and was scheduled to be recognized as an extraordinary loss in the fiscal year ending March 2019. In addition, the company and the 2 domestic subsidiaries planned to introduce a new defined-contribution pension plan to maintain employees' corporate pensions.」
The company resolved to withdraw from the Tokyo Electrical Industry Corporate Pension Fund on 1 April 2019 and disclosed plans to introduce a defined-contribution pension plan to maintain employees' corporate pensions. Approval by the fund's representatives' meeting was a prerequisite, and a special contribution of approximately ¥420 million was expected.