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4. In case an individual has already opened a designated account for the employment insurance benefits, national pension payment, labor pension payment (monthly payment), farmers pension or welfare allowance for elderly farmers, can this account be used for the deposits of labor insurance benefits?

If the insured person or his/her beneficiary (beneficiaries) has already opened a designated account with the post office or the Land Bank of Taiwan for related purposes, he/she may use this account for the deposits of labor insurance benefits. It is not necessary to open a new account. If such an account is opened with the Taiwan Cooperative Bank or the Farmers and Fishermen’s Association, however, a new designated account for labor insurance benefits should be established.

Last Update:2021-05-14
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