insurance fund 結果共6筆

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.

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.

The National Health Insurance Committee will discuss using non-anticipated risk funds and the insurance reserve fund in Taiwan on November 15, according to the National Health Insurance Administration Director-General. The insurance premium rate is expected to remain unchanged in 2024. The COVID-19 pandemic has had a significant impact on all sectors, including traditional Chinese medicine, which reported increased medical expenses in the first two quarters of 2023. Western medicine also experienced a drop in the second quarter. The insurance reserve fund is projected to reach 1.97 months by the end of 2023, higher than the previous estimate of 1.5 months, largely due to a government budget allocation of NT＄24 billion.

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.

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.

Facing inflation and an aging society, Taiwanese individuals worry about labor insurance fund bankruptcy. Survey highlights concerns and retirement preparation.