Overview
Your compensation is your livelihood, not just today, but tomorrow as well. We strive to equip you with sound financial features and a retirement you can look forward to.
Get your Sompo pension questions answered with this Frequently Asked Question (FAQ) Guide.
Contribution Structure
The FIJ Retirement Plan is made of two parts, the corporate Defined Contribution plan (“DC plan”) and the Retirement Allowance Plan (RAP)/Taishokukin. Fisher will contribute 10% of your annual base salary to your retirement account: Up to the Statutory Cap of the DC plan and the remaining amount RAP plan with a cap of $25k USD. Employees may make voluntary contributions, up to the Ministry cap.
Resources
Who Can Enroll?
All full-time, permanent employees and directors under the age of 65 who are enrolled in Employee Pension Insurance.
| Timeline | Action Needed |
|---|---|
| 25 August (JP) or 27 August (EN) | Attend the Employee Briefing Session to learn more about Fisher’s new retirement program. |
| 28 – 30 September | Receive ID and Password at the employee’s home address. |
| 1 October | Launch of the DC! |
| After 1 October | Submit 加入者資格喪失届 Loss of Participant Status Form to iDeCo provider to stop iDeCo contributions. Employees will no longer be able to contribute to iDeCo after October. |
| 6 October (JP) or 8 October (EN) | Attend the Employee DC Investment Education Session by Sompo. |
| 24 October | Submit the election of employee contributions through the Sompo Website (only for those whose annual base salary is below ¥660,000). |
| 2 November | Submit investment allocation selection for DC through Sompo Website. |
| 25 November | Payment of company and employee contributions* to the employees’ DC account. *Employee’s voluntary contributions for October to be deducted from November salary. |
| No Specific Deadline | Transfer any assets from iDeCo. |
