退職給付債務計算【DBO計算(旧PBO計算)】、退職金・年金制度設計、企業年金資産運用など

企業年金・退職金に関する経営課題を解決するコンサルティング【IICパートナーズ】

+81 3 5501 3758

Plan Design Consulting Services (RBPDC)

For those firms who look for reviewing of the present retirement benefit system or establishing a new system, IIC partners will provide clients with optimal retirement benefit plan design consulting (RBPDC) services. Those include clients who:

  1. are under study how to transfer the present TQPP to other system, and
  2. want simulation for the future variations of retirement benefit costs etc.

Introduction of retirement benefit accounting in 2000, enforcement of Defined Contribution Pension Law of 2001, and Defined Benefit Corporate Pension law of 2002, coupled with significant deterioration in the asset management performance since the advent of the 21st century all caused unprecedented changes in Japanese corporate pension fund management environment, forcing retirement benefit system to shift from traditional seniority-based one to the one based more on employees' performance.

With the broader alternatives to choose from becoming available through institutional changes such as introduction of DC or cash balance plan on one hand, and with any existing TQPP to be transferred to other system by March 2012 or to be terminated on the other, the overall review / revamp of the retirement benefit system has been of vital importance to management of sponsoring firms which seek building up the system suited best to them.

IIC Partners, as an independent professional actuarial firm, provides consulting services to give clients solution to problems arising from these recent trends in the industry. IICP is also willing to respond to client's specific requests, including e.g. "What the projection of costs will be if the sponsoring company continues keeping the present retirement benefit system".

Main services:

  • Retirement benefit plan design consulting
  • Consulting for transferring from TQPP to DB system etc.
  • Simulation of PBO/Service costs for long time span(e.g. 20 years)

Main features of RBPDC services provide by IICP:

Review of the present retirement benefit system requires the analysis of merits/demerits of alternative system to choose from, and its possible impacts on corporate financial accounting numbers. The review also requires the grasp of statutory constraints for each alternative system. IICP, as an independent professional actuarial consulting firm, will propose best solutions to these client's needs, free from conflict of interest.

IICP's basic approach for this consulting service is to respond to client's needs quickly, flexibly and painstakingly. Holding a study meeting, participation in the directors' meeting and dealing with trustee company/local government etc. are also included in the services.

Process of RBPDC

Phase 1

With close consultation with a client, we analyze client's present employees' retirement benefit plan and come up with basic proposals for the new system after the switch of the plan to alternative one.

Phase 2

Based on the basic policy above, IICP will come up with 1) plan design details, 2) simulation of future projection ( for 20 years or so), 3) grasp of possible impacts of the plan change on the corporate financial accounting or pension funding, 4) finalized new plan. To facilitate the internal decision-making, IICP also supports a client to prepare for the management meetings or negotiation with its labor union.

Phase 3

o help a client implement a new system, IICP assists to prepare for application for local government approval, or for explanation for making the new system well known to employees.

The following is our standard fee table, per new plan proposed (tax included) :

Phase1: 840,000

Phase 2 : 1,575,000

Phase 3: 420,000

(Note): Contract on phase by phase basis is possible depending on client's needs.

Apart from ordinary plan design consulting, IICP now provides special consulting services with discounted fees for those clients who intend to swiftly switch the present TQPP to DB system.