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Returning Retirement Lump-Sum
If a person who received a Retirement Lump-sum in the past acquires the eligibility to receive Old-age Employees' Pension or Disability Employees' Pension payment, or if a person who received a Retirement Lump-sum in the past dies and his/her survivors acquire the eligibility to receive Survivors' Employees' Pension payment, the Retirement Lump-sum received in the past plus an interest must be returned with the following procedures:
Note: Definition of Retirement Lump-sum
There was an option for such a person eligible to receive the Lump-sum to receive it in entirety without deducting the frozen amount.
Handling of the period during which a Retirement Lump-sum after deducting the frozen amount was received
The period on which the received Retirement Lump-sum was based will be treated as the period for calculating Old-age/Disability/Survivors' Employees' Pension benefits, and the Lump-sum must be returned.
Handling of the period during which an entire Retirement Lump-sum was received
Method for returning Retirement Lump-sum
When a person must return a Retirement Lump-sum, the return amount is the Retirement Lump-sum plus interest, which varies depending on the period from the time when the Lump-sum payment was received to the time when the right to receive pension benefits was acquired.
[Note] The interest is calculated, at compound rate, according to the period between the month following the payment date of the Retirement Lump-sum and the month when the eligibility to receive pension benefits came into effect. Interest rates corresponding to individual periods for calculating the interest amount are shown below:
Table of interest rates
There are two methods to return the Retirement Lump-sum. One of the return methods should be selected when pension payment is requested.