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Bureau of Labor Insurance, Ministry of Labor Brief Introduction
pension program implemented on January 1, Sustainability of the Pension
2009 adopts a defined payment system, which System
will also be adjusted according to the Consumer
Price Index, resulting in more comprehensive
protection for Taiwan's senior laborers. The Taiwan has evolved into an aging society since
features of the labor insurance pension program 1993. Beginning in 2002, the birth rate in Taiwan
are as follows : has consecutively been one of the lowest in
the world. The government administration
1. Wide Range of Options has already established relevant adjustment
mechanisms at the time of formulating the
With the merging implementation of the national pension program and labor insurance
pension and lump-sum payment, if laborers pension program to address the issues of aging
have insurance coverage years before the and low birth rate, so as to avoid major financial
implementation of the pension program, they and instabilities of the insurance programs and to
their dependents can opt for either pension or ensure the sustainability of our pension systems.
lump-sum payment when claiming disability, old-
age or survivor benefits. 1. Gradually Progressive Rate Adjustment
Mechanism
2. Comprehensive Protection
Sound finance is the foundation for sustainable
When an insured person turns old, disabled, or development of a pension program. In the
dies, he/she and his/her dependents can claim past, our country's social insurance premium
relevant pension benefits.
rate bordered on the low end. To ensure the
3. Connection between Labor Insurance sustainable development of the national pension
Pension and National Pension and labor pension programs, as well as to
protect the interests of the insured, these two
Insured persons who have participated in the pension programs have adopted a gradual and
labor insurance program for less than 15 years, progressive rate adjustment mechanism.
but reached 15 years after the national pension
coverage years are added, are also eligible to Rate Adjustment Mechanism
claim labor insurance pension benefits for their
labor insurance coverage years. 7.5% (including 1% of the
employment insurance premium)
4. Adopt the “60-month maximum” for the first two years, with an
Calculation Method Labor annual increase of 0.5% to 10%
Insurance afterwards. From the year the rate
Pension payments are calculated by averaging reaching 10%, it will be elevated
the highest 60 monthly insurance salaries, 0.5% every two years until the
which is beneficial for senior citizens or women maximum of 13%.
returning to workplaces who are facing reduced
incomes. 6.5% the first year and increased
National by 0.5% the third year, after which
5. Defined Payment System Pension the rate will be increased 0.5%
Insurance every two years to the maximum of
It has the advantages of reallocating incomes as
well as reducing the effects of inflation. 12%.
Chapter Four Safeguards for Laborers’ Old-Age Lives 35
