 |
|
|
|
|
 |
|
|
|
|
|
 |
|
| Retirement system and implementation |
|
|
The company’s retirement system is implemented in accordance with Labor Standards Law and Labor Pension Regulations of R.O.C., including:
- The criteria for payment of worker pensions shall be as follows:
1. Two bases are given for each full year of service rendered. But for the rest of the years over 15 years, one base is given for each full year of service rendered. The total number of bases shall be no more than 45. The length of service is calculated as half year when it is less than six months and as one year when it is more than six months;
2. As set forth in Subparagraph 2 of Paragraph 1 of Article 54, an additional 20% on top of the amount calculated according to the preceding subparagraph shall be given to workers forced to retire due to disability incurred from the execution of their duties.
- Provision of employee retirement reserves: The company’s total annual retirement funds for employees of the company’s retirement system in accordance with the applicable Labor Standards Law are allocated and deposited in a special employee retirement reserve account on a monthly basis, and it shall not be used as a transfer, seizure, offset or guarantee The target. In addition, before the end of each year, the company estimates the balance of the employee’s retirement reserve special account. If the balance is not enough to pay the next year, the estimated achievement of the Labor Standards Law Article 53 or Article 54 Paragraph 1 For employees with retirement conditions and the amount of pension calculated in accordance with the law, the company will allocate the difference before the end of March of the following year.
- The supervision of labor pension: Established in January, the year 76 (R.O.C. calendar). Labor pension reserve funds appropriated by employers shall be supervised by the Supervisory Committee of Labor Retirement Reserve composed of representatives for workers and employers.
Labor Pension Regulations (New System) Seniority: adopt the pension definite allocation system
- Monthly Contribution Classification of Labor Pension
- According to the "Monthly Contribution Classification of Labor Pension" issued by the Labor Insurance Bureau, 6% of employees’ wages are allocated to the employee’s personal retirement pension account every month.
- Self-withdrawal of personal pension for employees: Employees can also withdraw their pensions voluntarily within the range of 6% of their monthly salary according to their own wishes.
The company’s retirement system is implemented in accordance with Labor Standards Law and Labor Pension Regulations of R.O.C., including:
Labor Standards Law (old system) Seniority: adopt the pension payment system
- The criteria for payment of worker pensions shall be as follows:
1. Two bases are given for each full year of service rendered. But for the rest of the years over 15 years, one base is given for each full year of service rendered. The total number of bases shall be no more than 45. The length of service is calculated as half year when it is less than six months and as one year when it is more than six months;
2. As set forth in Subparagraph 2 of Paragraph 1 of Article 54, an additional 20% on top of the amount calculated according to the preceding subparagraph shall be given to workers forced to retire due to disability incurred from the execution of their duties.
- Provision of employee retirement reserves: The company’s total annual retirement funds for employees of the company’s retirement system in accordance with the applicable Labor Standards Law are allocated and deposited in a special employee retirement reserve account on a monthly basis, and it shall not be used as a transfer, seizure, offset or guarantee The target. In addition, before the end of each year, the company estimates the balance of the employee’s retirement reserve special account. If the balance is not enough to pay the next year, the estimated achievement of the Labor Standards Law Article 53 or Article 54 Paragraph 1 For employees with retirement conditions and the amount of pension calculated in accordance with the law, the company will allocate the difference before the end of March of the following year.
- The supervision of labor pension: Established in January, the year 76 (R.O.C. calendar). Labor pension reserve funds appropriated by employers shall be supervised by the Supervisory Committee of Labor Retirement Reserve composed of representatives for workers and employers.
Labor Pension Regulations (New System) Seniority: adopt the pension definite allocation system
- Monthly Contribution Classification of Labor Pension
- According to the "Monthly Contribution Classification of Labor Pension" issued by the Labor Insurance Bureau, 6% of employees’ wages are allocated to the employee’s personal retirement pension account every month.
- Self-withdrawal of personal pension for employees: Employees can also withdraw their pensions voluntarily within the range of 6% of their monthly salary according to their own wishes.
|
|
|
|
|
| Join Us |
|
| |
|
 |
|
|
|
|
|
|
|
|
 |
19F, No.79, Sec. 1, Sintai 5th Road, Sijhih City, Taipei Country 221, Taiwan.
TEL:886-2-2698-4882(REP.) FAX:886-2-26984883
|
| Copyright © 2006 JEM, All rights reserved. |
Mail to Us  |
|
|
|