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Taiwan’s labor funds see notable gains, reaching NT$6.85T

Reporter TVBS News Staff
Release time:2024/09/02 17:41
Last update time:2024/09/02 17:57
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Taiwan’s labor funds see significant gains (Shutterstock) Taiwan’s labor funds see notable gains, reaching NT$6.85T
Taiwan’s labor funds see significant gains (Shutterstock)

TAIPEI (TVBS News) — The Ministry of Labor (MOL, 勞動部) announced on Monday (Sept. 2) the latest performance results of the labor funds, revealing significant gains. As of the end of July 2024, the total scale of the labor funds reached NT$6.853 trillion, with an evaluated income of NT$885.7 billion and a return rate of 14.33%.

The MOL's statistics showed the new labor pension fund had a scale of NT$4.4715 trillion with a return rate of 14.24%, while the old labor pension fund had a scale of NT$1.0557 trillion with a return rate of 16.42%. The labor insurance fund saw a scale of NT$1.1002 trillion and a return rate of 15.37%.

 

The employment insurance fund had a scale of NT$170.9 billion and a return rate of 3.59%. The labor occupational accident insurance had a scale of NT$36 billion with a return rate of 0.97%.

The Ministry of Health and Welfare (MOHW, 衛生福利部) managed the national pension insurance fund, which had a scale of NT$607.5 billion and a return rate of 15.13%. The Bureau of Labor Funds (BLF, 勞金局) emphasized that the labor funds aim to secure long-term stable returns to protect workers' economic lives.

The bureau further stated its comprehensive investment strategy, which includes diverse asset allocation in both domestic and international markets, aims to mitigate the impact of fluctuations in any single financial market on the overall fund income.

Taiwan Business

#labor funds# pension fund# insurance fund# labor pension# employment insurance# occupational accident insurance# national pension# investment strategy# asset allocation# labor funds performance

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