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2. How should people pay the contribution for the Fund? Are the workers required to contribute to the Fund? If a company has closed down but does not have any overdue wages, can the fund already paid be returned to the company?

  1.  The contribution for the Wage Arrears Payment Fund is collected along with the labor insurance premium. For business entities that are applicable to the Labor Standards Act and have enrolled in the labor insurance or the employment insurance, the Bureau will incorporate the contribution for the Wage Arrears Payment Fund into the Labor Insurance Premium Payment Slip when calculating the monthly premium charges for labor insurance or employment insurance. The contribution is calculated based on 0.025% of the total insured salary for the month. The employer should include this amount into the labor insurance premium payment for the month. The cost will be fully paid by the employer. No contribution is required from the employee.
  2. Being contributed by the employers on a month-by-month basis, the Wage Arrears Payment Fund is considered a mutual fund, which shall be used to settle the overdue wages, pensions or severance pays payment when the employer encounters closedown, liquidation or declaration of bankruptcy. According to the relevant regulations, the cost may be recognized as the company’s expense for the year. It is therefore not refundable.
Last Update:2019-11-09
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