New policies of retirement-take a look to understand the way of application for it.

        Since the implementation of the new system in July 2005, many people have been puzzled about "who can apply for it" and "when can I apply for it". Now let's understand the applicable objects, conditions and other relevant provisions.

        1、 What is the new system of labor pension?

        As long as it is a unit applying the labor basic law, the employer should pay at least 6% of the employee's salary to the "special account for individual pension" set up by the labor insurance bureau every month as the employee's pension; These pensions will be recorded in the pension account of each employee. Even if they change jobs, the accumulated pension will not disappear.

        2、 Who is the mandatory object of the new pension system?

        According to the provisions of the labor retirement Ordinance, for the workers who are subject to the labor basic law, including their own nationality, foreign spouses, spouses from mainland, Hong Kong and Macao, and permanent resident foreigners, the employer must pay a pension of not less than 6% for the workers. The workers can voluntarily pay another pension from their monthly wages, but the contribution rate shall not be more than 6%.

        3、 Who are the objects of voluntary contribution?

        According to Item 2 of Article 7 of the labor retirement Ordinance, the objects of voluntary contribution include: employers actually engaged in labor, self-employed workers, appointed workers, and workers who are not applicable to the labor basic law. They can voluntarily make contribution and claim pension within 6% of their salary in accordance with the provisions of this Ordinance.

        4、 What are the conditions for applying for the pension of new workers?

        Workers over the age of 60, whether in service or not, can apply to the labor insurance bureau for the new system of labor pension. Only those who have paid for more than 15 years under the new system can choose to receive a monthly pension or a lump sum pension; However, those with less than 15 years of service can only receive one pension.

        5、 Difference between one-time pension and monthly pension

        6、 Can I claim it if I'm under 60?

        If you want to claim Labor Pension in advance, you must meet one of the following three conditions: first, you have received labor insurance disability annuity payment or one disability payment with disability grade 3 or above; second, you have received national insurance disability annuity payment or basic guarantee annuity payment for physical and mental disabilities; last, you are non labor insurance or national insurance insured.

        It is not necessary to apply through the unit, but the worker himself can apply to the labor insurance bureau; You can also use the certificate of natural person to the e-service system of the labor insurance bureau https://edesk.bli.gov.tw/na/ , click "application for operation / labor pension" to apply online. If a worker dies before claiming his pension, or if he has received his monthly pension and died before his average remaining life or the prescribed number of years of claim, his dependant or will shall appoint a person to claim the pension once.

        7、 Workers' pension tax returns

        According to Article 14 of the workers' pension Ordinance, a worker may voluntarily contribute his pension within 6% of his monthly salary, which is not included in the annual income tax. In addition, employers, appointed workers and self-employed workers who are actually engaged in labor, if they receive wages or income from business operations, may also voluntarily make a pension within 6% of their monthly wages and income from business operations, excluding annual salary income and income tax from business operations.

        In conclusion, in addition to the pension that employers should pay for their employees, workers are also entitled to voluntary pension and tax incentives. In addition, the government will make overall investment in the use of the pension fund in the special account for individual workers, providing the distribution of investment income and minimum income guarantee, so as to strengthen the economic security of workers after retirement.

        (source: Ministry of labor insurance bureau, new system of labor retirement regulations, commercial times)

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