TAIPEI (TVBS News) — As Taiwan faces high inflation and becomes an aging society, more individuals are concerned about the potential bankruptcy of the labor insurance fund. As a result, many have begun preparing for retirement early.
A survey conducted in June by Taiwan Life Insurance revealed that nearly 60% of workers anticipate the fund's bankruptcy, and more than 80% worry that their labor insurance pension might be reduced by 10% to 30%.
To be eligible for full retirement benefits, experts suggested individuals should not terminate the labor insurance plan and advised the unemployed to join occupational unions or the National Pension Insurance.
Li Chien-hung, professor of the Chinese Culture University's Department of Labor and Human Resources, stated, "The social insurance system worldwide emphasizes a fundamental principle: finding a balance between rights and duties. Only after paying the obligated insurance premium for the regulated period can one qualify for the pension."
According to the Bureau of Labor Insurance, Ministry of Labor, there are three criteria for claiming pension payments: aged over 55-year-old with 15 years of insurance coverage, have worked and been insured for 25 years, or have at least 25 years of insurance coverage and retire at the age of 50.
Chung Wen-hsiung, deputy-general-manager of a labor bank, stressed, "Senior or middle-aged individuals considering retirement should explore the criteria for lump-sum retirement payouts. If within five years, one should consider joining the national pension insurance or a craft union."
Experts suggested individuals should establish comprehensive financial planning in advance to ensure sufficient amounts are saved for retirement, including staying informed about labor insurance policy changes and strengthening personal rights protection.
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更新時間：2023/08/16 19:55