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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
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