labor funds 結果共5筆

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.

Discover the details of Taiwan’s 2025 central government budget, approved by the Executive Yuan and now under Legislative Yuan review. Learn about the NT$100 billion allocation to Taipower, the NT$130 billion for labor insurance, and plans for a NT$33.6 billion health insurance financial assistance. Explore how the NT$3.15 trillion budget aims to balance infrastructure, innovation, and social security, with a focus on post-pandemic recovery and future investments.

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.

The ＂Pension Contribution During Mandatory Military Service Act＂ was passed by Taiwan’s Legislative Yuan, requiring a 6% monthly pension deduction from servicemen’s salaries starting January 1, 2024. The law mandates that the hosting organization deducts this percentage from each serviceman’s wages and allowances, with the funds being deposited into personal pension accounts established by the Labor Insurance Bureau of the Ministry of Labor. Upon retirement from the military, individuals can participate in pension systems across various sectors. The Executive Yuan also approved a plan to strengthen and recalibrate the national defense force structure in 2022, including lengthening the military service term for men born after 2005 to one year starting from January 1, 2023. The Ministry of National Defense sees this act as treating military service as part of one’s personal career.

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.