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Foreign spouses in Taiwan to get pension coverage

Foreign spouses in Taiwan to get pension coverage

Taipei, Dec. 31 (CNA) Employers of foreign spouses of Taiwanese nationals will soon be required to contribute funds toward their pensions as part of the amended Labor Pension Act that cleared the Legislature on Tuesday.
The new law will apply to 31,000 foreign spouses of Taiwanese nationals, including 14,000 from China, Hong Kong and Macau, who work in Taiwan, according to Council of Labor Affairs (CLA) figures. Employers who violate the regulations will face fines of between NT$20,000 (US$669) and NT$300,000. The Labor Pension Act requires employers to contribute at least 6 percent of an employee's monthly wage to the employee's designated account, but international employees were not previously covered by the clause. Although the new amendment extends the requirement to foreign spouses of Taiwanese nationals, it will still not apply to foreign nationals working in Taiwan who are not married to a Taiwanese citizen. The amendment passed Tuesday also stipulated that self-employed workers, such as taxi drivers and vendors, can voluntarily put aside money for their pension and claim it after retiring. The CLA said there are currently around 1.31 million independent workers in Taiwan. (By Wang Ching-yi and Lilian Wu)


Updated : 2021-05-07 01:27 GMT+08:00