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Laws & Regulations Database of The Republic of China (Taiwan)

Print Time:2024/10/15 03:05
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Chapter Law Content

Chapter Ⅵ Retirement
Article 27
The ages designated in Subparagraph 1 of Article 53, Subparagraph 1 of Paragraph 1 of Article 54 and the proviso in Paragraph 2 of Article 54 of the Act shall be consistent with the age recorded in the worker's household.
Article 28
(deleted)
Article 29
The situations in which an employer may apply to the competent authority for approval to pay workers’ retirement pensions in installments as set forth in Paragraph 3 of Article 55 of the Act include the followings:
1. Where the funds appropriated to the retirement reserve according to law are insufficient for payment.
2. Where the management or finance of the business is truly difficult.
Article 29-1
According to the payment standards set forth in Paragraph 1 of Article 55 of the Act, the amount of pension referred to in Paragraph 2 of Article 56 of the Act shall be calculated in accordance with the followings:
1. Number of workers: Including incumbent workers to whom the Act applies at the end of the year or whose lengths of service are reserved according to Paragraph 1 of Article 11 of the Labor Pension Act, as well as workers meeting the retirement conditions specified in Article 53 or subparagraph 1 of Paragraph 1 of Article 54 of the Act in the following year.
2. Length of service: Starting from the date the Act applies to the end of the year following the year which the length of service is calculated or the day before the Labor Pension Act applies as a result of choice.
3. Average wages: The average monthly wages of the year in which calculation is made.
The unit of amounts to be calculated as mentioned in the preceding Paragraph shall be New Taiwan Dollar; amount shall be rounded to the nearest tenth.
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