Title: Act on Partial Revision of the National Pension Act, etc. in Order to Strengthen the Financial Grounds and Minimum Guarantee Function of the Public Pension System
Promulgation Date: August 22, 2012	Effective Date: Refer to below
Act No.: 62	Responsible Division: Pension Division of Pension Bureau
1. Purpose50 years have passed since the creation of the National Pension system and hence necessary measures will need to be taken in thereby responding to significant changes in both the social and economic situation of the National Pension system.
2. Outline(1) The period required before receiving pension benefits shall be shortened from the point of view of preventing future non-pensioners by benefits being provided according to the premiums paid.(To come into effect in October 2015 in thereby matching the enforcement period of the fundamental tax system reform)
(2) The specific fiscal year (stipulated in the revised Act in 2004 as “fiscal year specified separately by law”) for the permanent setting of the state subsidy for the Basic Pension of 50% (1/2) shall be set to be FY2014.(To come into effect in April 2014 in thereby matching the enforcement period of the fundamental tax system reform)
(3) Subjects of Employees’ Pension/Health Insurance shall be expanded to include part-time workers.(To come into effect in October 2016)
(4) The payment of Employees’ Pension/Health Insurance premiums shall be exempt during child care leave in thereby aiding the development of next generations.(To come into effect in April 2014)
(5) Survivors’ basic pension benefits shall be paid to motherless families.(To come into effect in April 2014 in thereby matching the enforcement period of the fundamental tax system reform)

Title: Act on Partial Revision of the Employees' Pension Insurance Act, etc. for Unifying Employees' Pension Insurance Systems
Promulgation Date: August 22, 2012
Effective Date: October 1, 2015(However, (6) of the Outline below shall come into effect on a day specified by Cabinet Order within 1 year of the date of promulgation)
Act No.: 63	Responsible Division: Pension Division of Pension Bureau
1. PurposeThe necessary matters to improve the stability of the system by expanding the scope of pension finance and ensuring greater fairness between private employees and public officers, etc. shall be taken mainly by unifying the respective employees' pension systems, which are divided into Employees' Pension and three Mutual Aid Association Pensions, into the Employees' Pension Insurance system.
2. Outline(1) Public officers and private school personnel shall be included as subjects of Employees' Pensions and the 2nd floor portion of pension systems unified into the Employees' Pension Insurance system.
(2) The systematic difference between Mutual Aid Association Pensions and Employees' Pensions shall be eliminated by basically being aligned as Employees' Pensions.
(3) The 1st and 2nd portions of Mutual Aid Association Pension premiums shall be raised and unified into the premium rate of Employees' Pensions (upper limit of 18.3%).
(4) Mutual Aid associations and Mutual Aid corporations for private schools shall be utilized in the operation of Employees' Pension businesses from the point of view of more efficiently conducting business affairs and private schools. In addition, the situation with benefits and burden of the entire system shall be appropriated into a national account.
(5) The 3rd floor portion (job area portion) as a public pension of Mutual Aid Pensions shall be abolished. A new pension scheme following the abolishment of the 3rd floor portion (job area portion) as a public pension shall then be separately stipulated by law.
(6) In order to reduce any additional expenses, benefits for the period of public officer pensions shall be reduced by 27% because of a focus on the difference to insured persons concerned. However, certain consideration measures shall be taken.