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Benefits of Our Fund
Benefits of P&G Group Corporate Pension Fund
When you resign/retire, you can receive a lump-sum payout (retirement payment) as a retirement benefit equal to the amount of total monthly contributions built up by the company during the period of your employment plus interest.
If you resign/retire after 15 or more years of service, you are eligible to receive your benefits in the form of a pension. In this case, you have an option to receive a portion of the benefits as a lump-sum payment with the remainder in the form of a pension.
●If you are retiring after 3 to 15 years of employment
- Receive as a lump-sum payout
- Transfer the amount equivalent to the lump-sum payout to another pension system, etc.
●If you are retiring after more than 15 years of employment
- Receive the entire amount as a lump-sum payout
- Receive the entire amount as a pension benefits after the age of 60
- Receive a combination of a lump-sum payout and pension benefits after the age of 60
＜To receive the pension and lump-sum payout combined＞
- (1) Receive 75% as a lump-sum payout and 25% as pension after the completion of reemployment
- (2) Receive 50% as a lump-sum payout and 50% as pension after the completion of reemployment
- (3) Receive 25% as a lump-sum payout and 75% as pension after the completion of reemployment
- Resignees/retirees with 3 years or more of service in the following business establishments after July 1, 2007 (excluding a period of absence from work)
- Full-time employees to whom the company retirement benefit system is applied
Note: No payment shall be made to those with an enrollment period of less than 3 years
- Business establishment：
- P&G Prestige Godo Kaisha
Procter & Gamble Japan K.K
P&G Group Health Insurance Association
P&G Group Corporate Pension Fund
●Lump-sum payment
●Annuity payments
- 20-year guaranteed annuity
- 15-year guaranteed annuity
- 20-year guaranteed annuity with accelerated payments for the first 5years
●Transfer the amount equivalent to the lump-sum payout to another pension system, etc.
If you resign/retire with 3 years or more of service (excluding a period of absence from work) and opt for a lump-sum benefit payment, you are eligible to receive retirement benefits in a lump-sum. To receive a lump-sum payment, you need to follow the specified request procedure for payment at the time of resignation/retirement. You can download the “Claim note” which you must submit to our Fund from the following link.
If you are retiring after 3 to 15 years of employment
If you are under the age 60 and retiring after more than 15 years of employment
Please refer to the in-house intranet for the procedures upon retirement from current employment.
- If you resign/retire with 15 years or more of service (excluding a period of absence from work), you are eligible to receive retirement benefits in the form of a pension starting at age 60.
- If you resign before the retirement age of 60, interest is added every month to the amount equivalent to your retirement benefits at the time of your resignation (excluding the amount of lump-sum payout) until you reach the age of 60.
- To receive your pension, you need to follow the procedures specified at the time of resignation and those required when you reach age 60. The documents that need to be submitted differ depending on whether you retire at age 60 or you resign before age 60. You can download the required documents from the "Services and Procedures" section.
- There are 3 types of pension options available. In any of these options, if you apply for cancellation within the benefit period, we will make a lump-sum payout in part or in whole. (Please note that you are not allowed to cancel your pension during the first 5 years after the commencement of benefit payment in principle. Partial cancellation is not allowed more than twice.
＜20-year defined pension＞
- By making use of the virtual account balance at the age of 60 as your pension resource, you can receive pension benefits for 20 years.
- If an employee, who has been receiving 20-year defined pension, passes away before completion of the entire pension, the remaining pension fund shall be paid to the bereaved family as a lump-sum payout.
＜15-year defined pension＞
- By making use of the virtual account balance at the age of 60 as your pension resource, you can receive pension benefits for 15 years.
- If an employee, who has been receiving 15-year defined pension, passes away before completion of the entire pension, the remaining pension fund shall be paid to the bereaved family as a lump-sum payout.
＜20-year defined pension with weight on the first 5 years＞
- By making use of the virtual account balance at the age of 60 as your pension resource, you can receive pension benefits for 20 years. However, you will receive larger payments for the first 5 years.
- If an employee, who has been receiving 20-year defined pension with weight on the first 5 years, passes away before completion of the entire pension, the remaining pension fund shall be paid to the bereaved family as a lump-sum payout.
If you resign after 3 or more years but with less than 15 years of service, you will not have the option of receiving your retirement benefits in the form of annuity payments. However, in the future you may receive your benefits in the form of annuity payments by transferring to another pension plan the amount equivalent to the lump-sum payment.
This system is referred to as "corporate pension portability".
If you want to transfer to another pension plan, you are required to submit a "Claim for Pension Asset Transfer" to our Fund to express your wish to transfer when you resign, after confirming with your new employer whether or not your asset transfer can be accepted.For more information, please contact our Fund.（TEL 078-336-6922）
＜There are 5 major options as the receiver of the transfer＞
Please contact your new employer for details of ①, ②, and ③.
National Pension Fund Association for ④, and
Pension Fund Association for ⑤.
Please refer to the in-house intranet for the procedures upon retirement from current employment.
Please refer to "Services and Procedures" for the procedures after retirement.
