After the enforcement of Defined Contribution Pension Law in 2001, the defined-contribution pension market is steadily expanding. In 2011, 10 years after the enforcement of the law, the number of subscribers of corporate defined-contribution pension plans is over 3.7 million. The number of subscribers and the asset size are expected to keep growing.
The market for individual defined-contribution pension plans is also expected to expand as employees change jobs and shift away from corporate defined-contribution and defined-benefit plans to ensure the portability of their pension assets. This asset portability will complement enterprise pension systems and spur the over all growth of the market.
SBI Benefit Systems was established in March 2001 as the only domestic provider of a proprietary developed defined-contribution pension plan record keeping system. Our mission is to make optimum use of our efficient infrastructure to popularize defined-contribution pension systems and to contribute to the sound growth of society.
In a generation of declining birth rate and aging population, self-help efforts to plan for life after retirement have become a major social theme. SBI Benefit Systems will continue to provide customers with stable services over the long term as an innovator in the defined-contribution pension industry.
