6. My employer contributes 6% of my monthly wage to my labor pension account. I would also like to make voluntary contributions. What contributions rate may I choose? How do I apply for voluntary contribution? How are voluntary pension contributions calculated? How do I pay for voluntary contributions? What are the benefits of making voluntary pension contributions? What if my employer refuses to handle my application?
- You may choose a voluntary contribution rate of up to 6% of your monthly wage, depending on your financial circumstances. For example, if you are experiencing financial difficulties, you may choose to contribute 1% or 3%. When your financial situation improves, you may increase your contribution rate to 5% or 6%, which is the maximum voluntary contribution rate.
- You could notify your employer of your intention to make voluntary labor pension contributions. After your employer completes the“
Labor Pension Contribution Declaration Form“ and submits it to the Bureau of Labor Insurance, the employer may withhold your voluntary contributions from your monthly salary and remit them to the BLI. An employer or commissioning entity shall not refuse to do so.
- If an employer refuses to apply for the commencement of voluntary pension contributions for a worker in accordance with the regulations, the worker may complete the "Application Form for Voluntary Pension Contribution Declared by Employed Workers and Commissioned Workers Themselves" and apply directly to the Bureau of Labor Insurance to commence voluntary pension contributions.
- Regardless of whether voluntary pension contributions are declared through the employer or directly by the worker to the Bureau of Labor Insurance (BLI), the BLI will issue a monthly payment notice to the employer. The employer shall collect the worker’s voluntary pension contributions and remit them to the BLI. The statement of pension contribution is made monthly. Pension contributions are payable from the date on which a worker commences employment to the date on which the worker leaves employment. Each month is deemed to consist of 30 days, regardless of the actual number of days in the month.
(1)Full month Pension Contribution＝ Monthly Contribution Wage × Contribution Rate (Using dollar as unit and round down for values below NT$0.5 and round up for values of NT$0.5.or above)
(2)Not full month Pension Contribution＝Monthly Contribution Wage × Contribution Rate (Using dollar as unit and round down for values below NT$0.5 and round up for values of NT$0.5.or above) × Contribution days ÷ 30
Note: If an employer fails to remit the worker's voluntary contribution amount to the Bureau of Labor Insurance (BLI) within time limit, the BLI shall fine a late payment charge in accordance with the law to safeguard the rights and interests of workers.
- Alternatively, the amount of your voluntary pension contribution can be deducted from your total consolidated personal income for that year.