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COL: “Pension System Reform Task Force” has been set up to address the current flaws in Labor Insurance Fund

COL: “Pension System Reform Task Force” has been set up to address the current flaws in Labor Insurance Fund

Query from Taiwan News on December 27:
Attention: Council of Labor Affairs

…how the government is resolving the current problem of labor insurance fund.



Reply by Council of Labor Affairs on January 15:

In respect to labor insurance, the areas the task force is currently reviewing include the income replacement rate, premium rate, average insured salary, fund investment performance, and government financing. As the labor insurance program is an important cornerstone of the social security system in the country, the Executive Yuan has made the promise that government appropriation and final payment by the government will be incorporated when related laws are amended to perfect the labor insurance system.
When the initial reform plan is put forward at the end of January, the government will solicit the opinions of various sectors as well as achieve consensus with the opposition on how the plan should be modified before turning the plan into legal language, activating the procedures of amendment of related laws, and completing the pension system reform.


Updated : 2021-07-31 11:54 GMT+08:00