Overview of the System
This is a group pension insurance plan in which the company contracts with an insurance company to support employees in building assets and securing funds for their retirement by paying insurance premiums while they are still employed. Employees who wish to participate can become members of this plan.
Eligibility for Enrollment
Permanent employees working for Shiseido Group companies who are under 60 years old (up to 58 years old) and have at least 2 years remaining until the end of premium payments are eligible to enroll.
Method of Accumulation (Payment of Premiums)
Premiums are accumulated from monthly salaries and can also be accumulated from bonuses. Additionally, if there are surplus funds, it is possible to make a one-time temporary accumulation as an "annual payment (lump sum)" once a year. However, if there is no monthly payment (salary accumulation), then bonus payments (bonus accumulation) and annual payments (temporary accumulation) cannot be made.
Receiving Accumulated Funds
During the enrollment period, it is possible to withdraw a portion of the accumulated funds. In the case of retirement at the mandatory retirement age or early retirement at age 50 or older, benefits can be received as a pension or lump sum based on the accumulated funds.
If you wish to enroll, please check this article.