At the 56th Anniversary of the launching of the Labor Insurance, the BLI not only continues to carry out actively its present services including Labor Insurance, Employment Insurance, Farmer's Health Insurance, Occupational Accident Labor Protection, Overdue Wages Payment, etc, also devotes its man power and material resources to the elaborate layout and construction of detailed and complete work for the successful carrying out of the New Labor Pension Program, envisaging actively in the meantime its future work priorities such as continuous expanding of the Labor Protection Card, promoting the Labor Insurance Fund Investment performance, the setting up of the Central and South Consociation Service Centers in matching with the Government Reorganization Program, and the providing of more professional and better quality services to labor friends. In the future the BLI will shoulder the task of guarding the two major Labor Insurance and Labor Pension Programs, safeguard everlastingly labor friends' financial well being.
1.The successful transfer and continuance of the Old and New Labor Pension Programs and the start on of the New Program
The Bureau of Insurance successfully completed in August 2005 the transfer and continuance of the Old and New Labor Pension Programs of business entities subject to the Labor Standards Act. In total 5,070,000 persons of 355,000 units have declared, with the declaration rate of 96 and 90 percent of person/unit respectively.
Before the launching of the New Labor Pension Program the BLI held about 1000 medium and large promoting seminars, outsourcing in the meantime the establishing of 100 special consult lines, helping to propagate successfully the New Program. As the result of the efforts above made, more than 60 percent of all declaring persons, about 3,160,000 labors, opt for the New Program, and among which, with the average of 1 out of 8, yet another 400,000 persons make voluntary contribution in addition, creating an outstanding record.
2.Both the Labor and the Employment Insurance insured’s number creates again the new high that has ever had
The labor insurance and the employment insurance not only directly provide various insurance benefits, to guarantee labor friends peaceful and secured labor life, also indirectly shares the occupational accident indemnity risk that the employer undertakes.
For the past one year, the BLI has strengthened its guiding on insurance attending, actively carrying out the urging, examining, and fine imposing operations. Besides, it undertakes many compulsive measures of the insurance enforcement, so most employers can well fulfill the social responsibility by establishing the Labor as well as Employment insurance units, to declare for their employees the attending of the both insurances.
According to the statistics, the Labor Insurance insured's number of 2005 counts a significant increment, amount to more than 8,550,000 persons at the end of November, which is the highest month the insured's number counts since the starting of The BLI in 1940. The number, notwithstanding a tiny drop at the end of December owing to the seasonal factor, still amount to 8,540,000 plus people. On the other hand, the insured's number of the Employment Insurance since starting in 2003 has kept on the growth, amount to 5,360,000 million plus persons by the end of December 2005, increasing by more than 120,000 persons comparing to the end of 2004.
The figures mentioned above manifests the various urging and examining measures the BLI adopts to protect the labors benefits over both the Labor and Employment Insurances have achieved concrete results, providing more guarantees to the insured persons.
3.The average monthly salary of both the Labor and Employment Insurances presents an increasing trend
Whether the insuring units of both the Labor and Employment insurances declare without deceiving the labors' monthly insurance salary influences tremendously the labors' rights over their cash benefits, and also has great relation to the accuracy with respect to the contribution salary of the Labor Pension, after the launching of the New Labor Pension Program. To allow the insured persons to receive quick and reasonable payment, calculated according to the average monthly insurance salary the time the insurance accidents occurs, to safeguard their rights, the active carrying out of various measures of examining both the insurance salary has always been the top-priority work of the BLI every year.
The respective average monthly insurance salary of both the Labor and Employment Insurances at the end of December 2005 is 26,374 and 28,287 NT dollars, increasing significantly by 556 and 590 NT dollars each comparing to the year of 2004, showing beyond doubt the various measures mentioned above indeed have already achieved concrete results in maintaining the legitimate benefits of the insured persons as well as the consolidation of the financial foundation of the Insurance.
The BLI will continue to strengthen the expansion of the idea of declaring insurance salary truthfully, through such methods as informing with circular letter, holding various seminars and through mass media, to urge to check as soon as possible the insured's insurance salary. Those failing in declaring truthfully ought to adjust immediately to guarantee the insured's rights.
4.Actively carrying out various benefits payment and Occupational Accident Protection subsidy matters
Cash payment issued off the Labor Insurance in 2005 amounts to over 184,600,000,000 NT dollars, with an average 7.79 workdays per case for more than 590,000 cases in total, 2.21 days quicker than the 10 days legal time; and the cash payment issued of the Employment Insurance amounts to over 5,300,000,000 NT dollars of more than 280,000 cases, subsidizing nearly 260,000 unemployed labors' Health Insurance premiums for the amount of 158,980,000 NT dollars, with an average 7.44 workdays per case, 2.56 days quicker than the 10 days legal time. In addition, in more than 20,000 cases the occupational accident hospitalization and medical treatment benefits has been issued, providing the insured complete medical care. Furthermore, the health inspection in prevention of the occupational disease to safeguard the insured’s health has been carried out. The applying for the check counts more than 480,000 person-times.
In the aspect of the Occupational Accident Protection Subsidy, the related units have been subsidized for carrying out occupational accident prevention as well as work re-establishing of the accident-stricken labors. The fund issued in the first half year of 2005 amounts to 55,570,000 NT dollars of 31 cases, and amounts to 12,640,000 NT dollars of 13 cases in the second half. To strengthen the Occupational Accident Protection, labors stricken by the occupational accident are eligible for various allowances and subsidies no matter joining the Labor Insurance or not. The total sum issued in 2005 amounts to more than 140,820,000 NT dollars of 3,876 cases in all.
5.Increase the diverse investment outlets to promote the Labor Insurance Fund investment results
To strive for higher income of the Labor Insurance Fund, the BLI not only actively makes use of the domestic investment tool, diverting part of fixed savings to bonds with good creditability, also begins to extend its investment abroad to foreign bonds and entrusted management. The Fund profit for the whole year of 2005 amounts to more than 16,600,000,000 NT dollars, with the 3.79% rate of return. To diversify the total risks of the Labor Insurance Fund, 400,000,000 US dollars are entrusted to the international property management operators to invest upon foreign stocks and bonds.
For the self management of stock investment, a mid and long term investment view is adopted in choosing enterprises running well with good profitability as well as sound dividend policy, or those with, owing to optimistic industry trends, foreseeable growth in the earnings and profit, as its investment goals. The unrealized profit included, the total rate of return for this section is 11.05% for the whole year, whereas the rates of return of the entrusted domestic stocks management by the end of December 2005 are separately 28.71% for the 8 accounts entrusted since October 1st 2004, and 15.00% for the additional Cathy A account entrusted since October 5th 2005.
Right now the BLI is revising the related laws to timely bring into the lately financial tools, to make more flexible and efficient investments. In the future the Labor Insurance Fund will invest upon more diversified financial commodities, and the property's installing will adjust toward the modern investment trend. Especially after the lifting of restriction on no less than 50% of investment on fixed savings and the opening of the overseas investment channels, the investment range the Labor Insurance Fund may maneuver in will become much wider. In the future process of investing overseas following the world trend, the risk of currency exchange over the profit will be put into consideration. While this year under the wholesome property installing the Labor Insurance Fund will move toward the goal of the optimization of investment performance.
6.The bailout loan puts aside the economic difficulty of the labor
The BLI have carried out the bailout loan of the Labor Insurance Fund for the insured persons in 2003 and 2004; the aggregate allocated fund amounts to over 21,120,000,000 NT dollars of 169,823 cases, helping 170,000 families pass through economic difficulty, receiving deeply the public affirmation. And in December 16th 2006 the bailout loan was started once more; by January 6th 2006 the application money amount adds up to 7,711,470,000 NT dollars number of 56,999 cases, which by the Lunar New Year of 2006 have all been reviewed. The allocated money amount by the Land Bank adds up to 6,604,160,000 NT dollars of 50,249 cases, counting for 98.68% of total applications, by February 17th 2006, helping the labor friends to meet with the financial need of the year end.
7.Actively carrying out the work of Overdue Wages Payment Fund
Matching with the Council of Labor Affairs announcement specifying the temporary public medical institution personnel as subject to the Labor Standards Act from June 30th 2005, the BLI first delivers note in June 2005 to each public medical treatment hospital to declare these personnel, and later on completes the record key-in for them by the schedule. And then begins to calculate and collect the correct sum of money of the Overdue Wages Payment Fund contribution from July 2005, with more than 10,000 labors benefited as the consequence. The BLI also carries out actively the Overdue Wages Payment business, allocating substitution payment in major domestic labor disputes such as the Youth Camp Co., Ltd. (Jia Jhih Group), PWC Printed Wire Co., Ltd., Hantek Co., Ltd., Unic Co., Ltd., making immeasurable contribution to the safeguarding of the labor's rights and the maintaining of social harmony. The substitution payment has been allocated to 2,695 persons of 49 companies, with the amount of 215,064,843 NT dollars for this year.
8.Old-age Peasants’ Welfare Allowance raised to 5, 000 NT dollars has been transferred in to accounts in advance before the Lunar New Year at January 27th
The average monthly persons issued of Old-Age Peasants' Welfare Allowance is 690,733 in 2005, and till December 2005 951,033 persons in all have been benefited since its starting, while the amount issued raises from 4000 NT dollars to 5000 NT dollars from January 2006. To match the laws the BLI modifies related programs, and manages to transfer the allowance of January 2006 into account at January 27th 2006 in advance, with the allowance transferred in January 2006 totaling 9000 NT dollars, so the old-age peasant may enjoy the government's kindness.
9.Matching with the Government Reorganization and Revitalization of Organization
In matching with the Government's Reorganization Project the BLI in this year also begins the reshaping of organization structure, such as the replenishment of regional service branches, including setting up the South and central region management centers around May, to serve the insuring units and insured persons in the central and South region directly, by providing through the consociation service center of the local area right on the spot services, and thus draws closer the distance as policy running matches the regional needs more. Besides that the BLI will bring in the civil strength by partly outsourcing the job of professional skill; the BLI will therefore becomes more flexible in executing its policy, more professional and efficient in the promotion of services, and more effective in the utilization of its resources.