12. Other Matters |
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In accordance with the provisions of Additional Rule No.54, etc. of the Law for the Partial Amendment of the Welfare Pension Insurance Law (Law No. 82, 1996), the NTT Group makes a contribution every fiscal year, based on notification from the Social Insurance Agency, as part of the pension benefit cost relating to the former National Public Employees Mutual Benefit Association Law, which covers the working periods up to June 1956 for those who were employed in Nippon Telegraph and Telephone Corporation or the former organizations; the part of Teishin Sho (the Department of Communications) which was responsible for telecommunications, Denki Tsushin Sho (Department of Telecommunications), and Nippon Telegraph and Telephone Public Corporation, and retired after July 1956. The total amount of such contribution for the current consolidated fiscal year is 77,376 million yen. Since the contribution is in the nature of a contribution under a public pension plan, the amount to be paid is, like insurance premiums (welfare pension insurance premiums) under other public pension plans, recorded as the costs incurred in each fiscal year. |
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