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2. Since the launch of the labor insurance pension system in 2009 up to 2016, how has the CPI accumulated growth rate been calculated for each year (the year when the beneficiary starts to receive the payment)?

The CPI accumulated growth rate for each year (the year when the beneficiary starts to receive the payment) is as follows:

Year starting receiving the benefit Average CPI for the Base Period Accumulated Growth Rate (Note 2) Time of Adjustment Calculation Formula (Note 3)
2009 102.74 2013-2016:
2.30%
Not qualified for statutory adjustment standards [(105.10/102.74)-1]* 100%=2.30%
2010 103.97 2014-2016:
1.09%
Not qualified for statutory adjustment standards [(105.10/103.97)-1]* 100%=1.09%
2011 100.00 2011-2016:
5.10%
Adjustment made since May, 2017 [(105.10/100)-1]* 100%=5.10%
2012 101.93 2012-2016
3.11%
Not qualified for statutory adjustment standards [(105.10/101.93)-1]* 100%=3.11%
2013 102.74 2013-2016
2.30%
Not qualified for statutory adjustment standards [(105.10/102.74)-1]* 100%=2.30%
2014 103.97 2014-2016:
1.09%
Not qualified for statutory adjustment standards [(105.10/103.97)-1]* 100%=1.09%
2015 103.65 2015-2016
1.40%
Not qualified for statutory adjustment standards [(105.10/103.65)-1]* 100%=1.40%
2016 105.10 2016-2016
0.00%
Not qualified for statutory adjustment standards [(105.10/105.10)-1]* 100%=0%

Notes:
1. The information is compiled based on the Splicing Table of Consumer Price Index published by the Directorate-General of Budget, Accounting, and Statistics, Executive Yuan in April 2017.
2. For individuals who started to receive the payment in 2009, an adjustment of 5.2% was made in May 2014. For individuals who started to receive the payment in 2010, an adjustment of 5.45% was made in May 2015. For these cases, the CPI accumulated growth rate will be recalculated starting from the next year (i.e., for those who started to receive the payment in 2009, the base year shall be 2013; and, for those starting to receive the payment in 2010, the base year shall be 2014.)
3. Accumulated Growth Rate = [(Average CPI for the previous year/Average CPI for the base period)-1] *100% (results should be rounded off to the second decimal point).

Last Update:2021-09-23
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