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Bureau of Labor Insurance, Ministry of Labor Brief Introduction
Profile of Labor Pension Collection (2005-2018)
No. of units and persons Amount of Contribution
(in 10,000) (in NT$100 million)
2071
1000 1950 2100
900 1763 1850
1655 1800
800 1566
1497
700 1404 659 678 1500
1276 602 622 640
600 1074 1147 1150 520 548 564 580 1200
1006
500 429 451 457 474
400 392 900
300 600
200 467
300
100 49 50 52
33 36 38 39 40 42 43 44 45 47 48
0 0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No. of persons(in 10,000) No. of units(in 10,000) Amount of Contribution(in NT$100 million)
Workers not reaching the age of 60 and to implement annuity insurance but fails to
losing working abilities, in accordance contribute monthly or contribute insufficiently for
with Article 24-2 of the Labor Pension Act, insured employees, the BLI will impose penalties.
may request to claim retirement payments
ahead of schedule. Workers reaching 15
years contributive seniority or longer may
request to claim monthly payments or
lump-sum payments; however, those with
contributive seniority not reaching 15 years
shall only claim lump-sum payments. When
claiming monthly payments, the worker is to
determine the payout cycle.
2. Annuity Insurance
A business entity with over 200 workers may, with
the consent of a labor union or with the approval
of labor-management conference when no labor
union exists, insure with the Annuity Insurance
pursuant to the Insurance Act for workers who
choose in writing to insure with the Annuity
Insurance. If a business entity is approved
Chapter Two Profile of Labor Insurance and Labor Protection Programs 23