8. How is the pension borne by employers calculated? How is the contribution calculated for not full month?
- Calculation Principle: The statement of pension contribution is made monthly. Pension contribution should be made from the date a laborer report for job to the date the labor leaves the job and there is not big and small month difference, every month is counted as 30 days for calculation.
- Calculation formula:
(1) Full month Pension Contribution＝ Monthly Contribution Wage× Contribution Rate (Using dollar as unit and round off below NT$0.5and round up above NT$0.5.)
(2) Not full month Pension Contribution＝Monthly Contribution Wage ÷30× Contribution days × Contribution Rate (Using dollar as unit and round off below NT$0.5and round up above NT$0.5.)