Financial

Gen contributes 7.5% of your annual salary to the retirement savings plan. Contributions are split between two accounts:

• A defined-contribution (DC) pension account for up to ¥55,000 per month
• A cash balance (CB) pension account for any remaining amount in excess of ¥55,000 per month.

The amount of salary used to determine the total contribution to both accounts is capped at ¥20,000,000 per year.

Gen provides company-paid life insurance for 2 times your annual earnings, up to a limit of ¥100,000,000.

Gen provides company-paid AD&D insurance that pays an additional benefit of 2 times your annual salary, up to a limit of ¥100,000,000, if your death is due to an accident

For accidents that result in disability, this benefit pays 4% to 100% of the accidental death amount, depending on the level of your disability.

Gen provides company-paid income replacement in the event of sickness or injury. The benefit is 60% of your salary until you reach age 62 (or age 65 if you’re over 62 when you become disabled).

The employee stock purchase plan (ESPP) allows you to set aside between 2% and 10% of your compensation through payroll deductions to purchase Gen stock every six months at a price that is at least 15% below the fair market value.

The discounted price is locked in for a 12-month period. Enrollment periods are held twice a year in February and August.

For eligibility requirements and other plan terms, refer to the Stock Administration page on Gen Central.