Overview of Corporate Pension (as of the end of March, 2009)
27 May, 2009
The overview of corporate pension as of the end of March, 2009 (quick estimation) has been compiled as below.
（1）
The asset balance of the corporate pension funds decreased by Y14.5281 trillion (17.9 percent) on a year-on-year basis to Y66.5597 trillion. The breakdown of the amount held and the year-on-year growth rate (shown in parentheses) are respectively as follows: employees' pension stood at Y25.5524 trillion (a 21.8 percent drop); defined benefit pension Y32.8753 trillion (a 10.3 percent down); and qualified retirement pension Y8.1319 trillion (a 30.8 percent decrease).
The share and amount by business sector are respectively as follows: trust banks accounted for 79.3 percent at Y52.7547 trillion; life insurers 20.2 percent at Y13.4635 trillion; and Zenkyoren (the National Mutual Insurance Federation of Agricultural Cooperatives) 0.5 percent at Y341.4 billion.
（2）
In terms of the number of trusts and enrollments, the employees' pension holds 617 funds and 4.66 million enrollments; the defined benefit pension 5,008 plans and 5.7 million enrollments; and the qualified retirement pension 25,441 plans and 3.48 million enrollments.
Although it may include some of those who are enrolled in more than one plans/funds at the same time, the total number of participants in any of these three pension categories amounted to 13.86 million. That is, about half of the private sector employees are estimated to be on some corporate pension plan(s), inferring from the number of the assured by the employees' pension insurance, which was 34.57 million at the end of March 2008.
Number of Trusts (Funds/Plans)
Asset Balance (at Market Value)
No. of Enrollments (million)
Amount (Y billion)
Share (%)
Year/Year Growth Rate (%)
Employees' Pension Fund
Trust Banks
472
23,219.9
90.9
-22.5
3.88
Life Insurers
145
2,332.5
9.1
-14.8
0.77
Subtotal
617
25,552.4
100.0
-21.8
4.66
Defined Benefit Pension Plan
Trust Banks
1,824
25,486.9
77.5
-15.0
4.17
Life Insurers
3,173
7,374.5
22.4
10.9
1.53
Zenkyoren
11
13.8
0.1
58.3
0
Subtotal
5,008
32,875.3
100.0
-10.3
5.70
Qualified Retirement Pension Plan
Trust Banks
4,385
4,047.9
49.8
-36.8
1.51
Life Insurers
20,681
3,756.4
46.2
-25.0
1.87
Zenkyoren
375
327.5
4.0
0.4
0.09
Subtotal
25,441
8,131.9
100.0
-30.8
3.48
Total
31,066
66,559.7
－
-17.9
13.86
Notes:
*1.
In case trusts are co-managed, the numbers of trusts and enrollments are calculated based on the data of lead managing underwriters, so as to avoid double counting.
*2.
The asset balance of trust banks is mainly the total of pension trust contracts and pension tokkin (specific money trusts for pension plans).
*3.
The asset balance of life insurance companies includes that of riders for separate account.
