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MOL disputes media’s deficit forecast for labor fund
Discover how Taiwan’s Ministry of Labor plans to stabilize the labor insurance fund amid forecasts of a 2025 deficit, ensuring its security and addressing public concerns.2024/09/23 10:58 -
Taiwan’s labor funds see notable gains, reaching NT$6.85T
Discover the latest performance results of Taiwan’s labor funds as of July 2024, including significant gains and a total scale reaching NT$6.853 trillion. Learn about the return rates and strategies for securing stable returns for workers.2024/09/02 17:41 -
Taiwan’s labor insurance fund hits record NT$1 trillion
Discover how Taiwan’s Labor Insurance Fund reached a record-breaking NT$1 trillion, with the government’s commitment to invest at least NT$120 billion annually for its growth. Experts weigh in on the fund’s future.2024/06/19 10:03 -
Labor minister unveils plan to save Taiwan’s pension system
Discover how Taiwan’s government plans to secure the future of its labor insurance fund, with a NT$120 billion allocation to address financial shortfalls and ensure sustainability for millions of workers.2024/05/23 14:19 -
Taiwan’s labor fund hits record high earnings in February
The Ministry of Labor’s Bureau of Labor Funds reported a record high earnings of NT$176.38 billion in February, reaching a total size of NT$6.288 trillion. With a return rate of 4.28%, the fund aims for stable returns amidst fluctuating global interest rates and geopolitical conflicts.2024/04/01 17:37 -
Labor minister denies rumor of labor insurance bankruptcy
The labor minister of Taiwan, Hsu Ming-chun, has assured the public that the government-backed labor insurance will not face bankruptcy. Hsu emphasized that the government will continue to allocate supplementary funds to prevent this outcome. Concerns had arisen due to the growing imbalance between the number of pension recipients and payees, with predictions of bankruptcy by 2028. However, Hsu pointed out that the government has been providing supplementary pension funds for the past four years and assured that this plan will be maintained. She also stated that the government’s supplementary labor insurance provisions are considered part of administrative expenditures. While there are currently no provisions in place for additional government funds, Hsu suggested that it could be implemented if approved.2023/10/25 17:58 -
Executive Yuan approves NT$2.88 trillion budget for 2024
The Executive Yuan Council approved the 2024 annual budget of around NT$2.88 trillion on Thursday (Aug. 24), reflecting an increase of NT$192.7 billion from the previous year, with the labor insurance subsidies being increased from NT$100 billion to NT$120 billion.2023/08/24 19:08 -
Taiwan sees early retirement financial planning trend
Facing inflation and an aging society, Taiwanese individuals worry about labor insurance fund bankruptcy. Survey highlights concerns and retirement preparation.2023/08/16 19:55