Attention! All insured units should report the insurance salary accurately and make timely adjustments to safeguard the rights and interests of employees and avoid being penalized.
The Bureau of Labor Insurance (BLI) reminds all insured units that, to protect the rights and interests of workers in receiving the benefits under the Labor Insurance and the Employment Insurance programs, they should accurately report the insurance salary of the employees as required and, if there are any changes, apply for adjustment in a timely manner.
When reporting the insurance salary of employees, insured units should file the reports correctly based on the total monthly salary of the employee (which includes all the compensation received by the worker for services provided, including wage, salary, bonus, allowance, and all other regular payments, such as overtime pay, meal allowance, performance incentive, and attendance bonus), and refer to the corresponding grades specified in the "Table of Grades of Labor Insurance Salary". Overstatement or understatement of insurance salary is not allowed. This is a compulsory requirement. The insured units or insured persons are not allowed to increase or decrease the amount.
If the salary change occurs during the period from February to July of the current year, the insured unit should file the application for adjustment before the end of August of the same year. If the salary change occurs between August of the current year and January of the following year, the application should be filed before the end of February of the following year. For those whose salary income is not fixed, the average salary of the latest three months shall apply. The adjusted insurance salary shall become effective from the 1st day of the following month after the application is filed by the insured unit with the BLI. It the monthly salary for the employee is not fixed or if the change in amount is significant, the insured unit may apply for adjustments of the insurance salary on a monthly or quarterly basis to ensure timely and accurate updates thereto.
Insured units that fail to report employee insurance salary amounts accurately as required by law will be subject to a fine equal to four times the overstated or understated premium amount following the BLI’s confirmation of such violation. The insured unit, furthermore, is obliged to compensate the employee if the benefit payment to the employee is adversely impacted for that reason.