Chikuho Bank and the Oita Prefecture Credit Union have formed a partnership to expand the use of the “Anyone DC Plan,” a corporate-type defined contribution pension plan. This initiative, encouraging the Credit Union’s business clients to adopt the plan, is part of a local revitalization effort. The scheme, managed by Chikuho Bank, supports small to medium-sized businesses’ employee welfare and offers tax advantages to the companies. The union will offer the plan through its 38 branches, enhancing job competitiveness by allowing asset transfer upon job changes. The “Anyone DC Plan” collaboration marks the first initiative based on their partnership agreement. Source: Chikuho Bank / Nikkei
Photo from NakanishiKouki
Stay informed with the latest Fukuoka & Kyushu news and events in English. Sign up for our free weekly newsletter today and never miss a beat. Opt out anytime, your privacy is our priority. Get the inside scoop with The Now
Summaries based on public content, errors may occur during translation. Images credited independently. Send feedback using this form.
