Page 44 - BLI-Brief Introduction

Brief Introduction
INSURE
Your Life

respectively in January 2004, January 2006, July through which they are enrolled, subject to that the
2007, January 2012, and January 2016. In January individual is aged below 65 and actually engaged in
2020, it has been further increased to NT$7,550. In agricultural works, and is not receiving the old-age
November, 1998, the coverage has been expended benefits of related social insurance. The farmers’
to include elderly fishermen. From January 1, 2013, association will, on approving the application, report
means test was implemented. On July 16, 2014, the to the BLI on the same day to start payments to the
amendment has passed on the eligible insurance farmer pension fund. Furthermore, according to the
coverage years to receive the welfare allowance for relaxed regulations taking effect on January 25,
elderly farmers, which has extended from 6 months 2022, young veterans who have already collected
to 15 years. Moreover, insurance applicants must retirement benefits under the military personnel
have registered addresses in Taiwan and must have insurance but are not eligible for the military
resided in Taiwan for more than 183 days annually personnel pension are now entitled to contribute
within last 3 consecutive years to be eligible. As for to the farmer's pension fund, if they are covered by
the sources of funding for the welfare allowance the farmer health insurance based on Article 5-1 of

for elderly farmers, in municipal areas, 50% of the the Farmer Health Insurance Act. They are no longer
cost used to be funded by the central competent subject to the restriction that they should not have
authority and the other 50% by the municipal received any old-age benefits from related social
government. However, since January 2006, the insurance programs.
increased allowances due to the revision of the law
shall be fully absorbed by the central government. 2. Monthly Contribution Wage and
In provincial areas, the total amount of the program Payment Ratio
is shared by the central government. This approach The monthly contribution amount by the farmer
has contributed greatly to improving farmers’ lives. shall be determined by multiplying the monthly
basic wage of workers (as announced by the

Farmer Pension Program Ministry of Labor) by the payment ratio. With effect
from January 1, 2022, the monthly basic wage of
The farmer pension program was implemented the workers shall be adjusted to NTD25,250. The
on January 1, 2021, with payments from both the payment ratio shall be decided by the farmer, within
government and the farmers. The payments shall the range of 1% to 10%, and shall be an integer.
be deposited into the farmers’ Individual pension 3. Claim of the Farmer Pension
accounts set up by the BLI. Participating farmers are
entitled to claim monthly pension payment out of Payment
the principal and accrued dividend when they attain (1)Claim for Monthly Pension
the age of 65 to ensure their economic security of Payment
old life.
Farmers who have made payments to the
1. Applicable Subjects and farmer pension fund are entitled to claim

Contributing Units pension payments when they attain the age of
An insured person of farmer health insurance 65. With respect to the claim and calculation of
may choose to start making payments by filing an the monthly pension, payments shall be made
application to the base-level farmers’ association in monthly installments and calculated based
on the principal and accrued dividends from

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