11.2020 Life Guide
Labor insurance rate will rise again next year
Far eastern New Century Corporation / Li Guanhui
Do you remember the last issue of the minimum wage increase? With the increase of the minimum wage, the labor insurance rate will also change. The "labor insurance" policy is closely related to the rights and interests of each worker. This issue of the "legal column" will explain to you what impact the increase of labor insurance rate will bring?
In August this year, the Ministry of labor's "basic wage Review Committee" just decided to raise the basic wage to RMB 24000 in 2021, and the labor insurance rate will be increased to 11.5% from the total of the current and employment insurance rates. Since the amendment of the "labor insurance regulations" in 2009, after the labor insurance rate reaches 10%, the labor insurance premium has been increased year by year according to the proportion of 0.5% increase every two years, until the upper limit of 13% in 2027.
A look at the trial calculation cases of 2021
If we take the basic salary to be adjusted next year as an example, assuming that Xiao Zhang receives 23800 yuan (applicable to 11% rate) this year, his monthly salary will be adjusted to 24 from January next year, According to the proportion of labor insurance premium borne by workers, 70% by employers and 10% by government subsidies, Xiaozhang will increase the labor insurance premium by 28 yuan per month, the employer will pay 99 yuan more per month, and the government will also pay 14 yuan more. If there is no certain employer or self-employed worker to join the professional trade union, the insured (member) will bear 60% of the labor and health insurance premium, and the remaining 40% will be subsidized by the government.
Why do we need labor insurance and employment insurance?
The purpose of "labor insurance" is to help workers get protection during work or after retirement by way of joint sub guarantee fees of the state, employers and workers. "Employment insurance" can provide basic living security for workers when they are unemployed or when they are still working without pay. In addition, the system of "individual account for labor pension" implemented in accordance with the "Labor Pension Ordinance" requires employers to pay at least 6% of their monthly wages as pension for workers protected by the Labor Standards Law.
According to the Ministry of labor survey, the average retirement age of labor planning is 61.1 years old, and the top three sources of living expenses after retirement are "self savings" (78.9%), new Labor Pension (61.8%) and labor insurance pension (46.2%).
Even if you receive labor insurance annuity, its legal age is gradually raised according to the aging population. At present, it has been raised to 62 years old. It is estimated that it will be increased to 63 years old in 2022, 64 years old in 2024, and 65 years old after 2026. As Taiwan is about to enter the super old age society, in addition to paying insurance in accordance with national regulations, how can workers ensure their retirement life in the future It will become the biggest subject besides work and family support. (source: Ministry of labor)#
In August this year, the Ministry of labor's "basic wage Review Committee" just decided to raise the basic wage to RMB 24000 in 2021, and the labor insurance rate will be increased to 11.5% from the total of the current and employment insurance rates. Since the amendment of the "labor insurance regulations" in 2009, after the labor insurance rate reaches 10%, the labor insurance premium has been increased year by year according to the proportion of 0.5% increase every two years, until the upper limit of 13% in 2027.
A look at the trial calculation cases of 2021
If we take the basic salary to be adjusted next year as an example, assuming that Xiao Zhang receives 23800 yuan (applicable to 11% rate) this year, his monthly salary will be adjusted to 24 from January next year, According to the proportion of labor insurance premium borne by workers, 70% by employers and 10% by government subsidies, Xiaozhang will increase the labor insurance premium by 28 yuan per month, the employer will pay 99 yuan more per month, and the government will also pay 14 yuan more. If there is no certain employer or self-employed worker to join the professional trade union, the insured (member) will bear 60% of the labor and health insurance premium, and the remaining 40% will be subsidized by the government.
Why do we need labor insurance and employment insurance?
The purpose of "labor insurance" is to help workers get protection during work or after retirement by way of joint sub guarantee fees of the state, employers and workers. "Employment insurance" can provide basic living security for workers when they are unemployed or when they are still working without pay. In addition, the system of "individual account for labor pension" implemented in accordance with the "Labor Pension Ordinance" requires employers to pay at least 6% of their monthly wages as pension for workers protected by the Labor Standards Law.
According to the Ministry of labor survey, the average retirement age of labor planning is 61.1 years old, and the top three sources of living expenses after retirement are "self savings" (78.9%), new Labor Pension (61.8%) and labor insurance pension (46.2%).
Even if you receive labor insurance annuity, its legal age is gradually raised according to the aging population. At present, it has been raised to 62 years old. It is estimated that it will be increased to 63 years old in 2022, 64 years old in 2024, and 65 years old after 2026. As Taiwan is about to enter the super old age society, in addition to paying insurance in accordance with national regulations, how can workers ensure their retirement life in the future It will become the biggest subject besides work and family support. (source: Ministry of labor)#
