Consolidation of Retirement Benefit and Pension Plans into a Corporate Defined-Contribution Pension Plan
First written in FY2019-Q3. 1 of 2 entries say "Restated". Latest entry: FY2019.
21 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Company changed its retirement allowance and pension plans in October 2018, terminating the former defined benefit corporate pension plan and consolidating the plans into a defined contribution pension plan. However, because the law sets a limit on contributions to the defined contribution pension plan, the Company established a new retirement lump-sum benefit plan to pay the excess over that limit.」
The annual retirement benefits note reconfirms the termination of the DB plan and consolidation into the DC plan in October 2018, as described in the previous quarter's filing. - FY2019-Q3First statedAnnual report
「The Company changed its retirement allowance and pension plans effective 1 October 2018, terminated the former defined benefit corporate pension plan (DB) and consolidated the plans into a corporate defined contribution pension plan (DC). However, because the statutory annual limit on DC contributions is ¥660,000, any excess is paid as a retirement lump-sum benefit.」
The Company changed its plans effective 1 October 2018, terminating the former defined benefit corporate pension plan and consolidating the plans into a corporate defined contribution pension plan.