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1. What is the labor insurance pension?

The labor insurance pension policy was passed by the Legislative Yuan of Republic of China after the third reading on July 17, 2008 and went into effect as of January 1, 2009. Labor insurance has been transformed officially into a pension program to provide our workers with a more comprehensive labor insurance coverage and to effectively address the issues of long-term personal financial security caused by the aging population and low birthrates.

Simply put, the labor insurance pension is a policy of lifelong monthly pension payments; the longer you are insured, the more you will be paid. It ensures a care-free life for retired workers and security for survivors of the deceased.

Last Update:2021-09-23