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, with a cap of $25,000 USD each year.
Resources
Enrollment Instructions
All employees are opted in. You are enrolled in the plan by Fisher as of the date of hire, but you need to activate your DC account using the following steps:
- Access Sompo Japan DC Securities Login page: www.sjdc.co.jp/answernet
- Enter your login ID sent by Sompo Japan DC Securities by courier to your home address, Date of Birth and Gender ➔ Enter your Basic Pension Number, Postal Code, or Employee Number ➔ Enter your email address to receive the temporary password.
Eligibility and Vesting
All full-time and part-time permanent employees under the age of 65 who are enrolled in Employee Pension Insurance are eligible to participate. Newly hired employees aged 60+ who have already received old age benefit from other corporate DC plans in the past are not eligible to participate in FIJ’s DC and RAP benefits.
FIJ expats are eligible to participate in the DC and RAP plan if enrolled in the Japanese Social Insurance Plan.
To vest, employees must complete 3 years of service before age 60.
Enrollment Schedule
All full-time, permanent employees and directors under the age of 65 who are enrolled in Employee Pension Insurance.
| Timeline | Event or Action Needed |
|---|---|
| 28 – 30 September | Sompo Japan DC Securities will provide ID and Password to your DC account via courier to your home address. |
| 1 October | Launch of the DC pension plan. |
| 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. Copies of the presentation decks can be accessed via the Learning Center (English and Japanese). |
| 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. |
