Many students will work in the coming summer vacation to earn their tuition fees or living expenses. The Bureau of Labor Insurance especially reminds the employers of business entities applicable to the Labor Standards Act that, when hiring native student workers on summer holidays, they should correctly and lawfully contribute the Labor Pension fund for them to protect their rights and avoid being fined as well.
The Bureau of Labor Insurance explains that according to the regulations of the Labor Pension Act and its Enforcement Rules, the employers should notify the Bureau within 7 days of the taking or leaving office of the native workers applicable to the Labor Standards Act, to begin or end the Labor Pension Contribution, its sum based on labors' monthly salary in total, and deposited in the Individual Labor Pension Accounts set up by the Bureau. The minimum contribution rate of the Labor Pension for the employer is 6% of the labor's monthly salary. The employer violating the regulations past the deadline time shall be penalized the sum between 20,000 to 100,000 N.T. dollars, which will continue on monthly basis until the clearance day. In addition, the employer not duly contributing the Labor Pension fund will be held responsible for indemnity to consequently damaged labors.