The number of the contributing units and contributed persons of the new Labor Pension Program has been seeing an apparent growth since the new program's implementation. At the end of December 2006 both the contributing units and contributed persons reached already more than 32,500 and 3,923,000 respectively, with growth rates of 30.12% and 27.65% each comparing to the starting phase. Besides, by February of the current year 4,420,000 individual labor pension accounts have been deposited, meaning as many labors, once they reach the age of 60, shall be entitled to claim through their accounts the accrued deposits as well as the profit returns for retirement life. This shows how the new program fully guaranteed our labors' rights over their pensions.
The Bureau of Labor Insurance (BLI) indicates, by the end of December 2005, the number of contributing units and the contributed persons under the new program already reach over 325,000 and 3,293,000 respectively, including more than 360,000 voluntary contributing labors. The receivable labor pension contributing sum for the whole fiscal year (from July through December, 2005) counts around 46,700,000,000 NT dollars. Besides, 4,420,000 individual labor pension accounts have already been deposited by February 2006, meaning as many labors, once they reach the age of 60, are entitled to claim the accrued deposits as well as the profit returns from their accounts for retirement arrangement.
The BLI also indicates, conforming to Article 53 of Labor Pension Act, a delay fine of 3% of the contribution sum for labor pension shall be added on daily basis if the contribution is overdue, computed from the day following the day of expiration. And the fine can be considerably heavy when it equals the contribution sum; by then the fine shall be the double of the contribution sum on monthly basis till the day prior the day of paying. The overdue fine has been imposed on overdue labor pension contribution of July, August and September 2005, and the sum has added up to triple the original amount for units unfulfilling obligations since July last year. The later they fulfill their duties, the heavier the fee will become.
The BLI has sent out at full scale notice of delay fine on overdue contribution to alert units to comply as soon as possible, plus urging them with telephone to prevent the fine goes too huge. And to assist enterprises obtain financing for monthly labor pension contribution, the Ministry of Economic Affairs provides "the Labor Pension Project Loans". Those who have loan demand may turn to the One-stop Service Center of Small and Medium Enterprise Administration of M.E.A without hesitation.