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System Categories
1. Labor Standards Act - "Old System"
(For seniority before June 30, 2005): The Company makes monthly contributions to a retirement reserve fund. As of December 2024, the accumulated reserve reached approximately NT$68.18 million.
2. Labor Pension Act - "New System" (For seniority after July 1, 2005):
The Company contributes 6% of each employee’s monthly salary to their individual pension accounts at the Bureau of Labor Insurance. In 2024, the total contribution amount was NT$10.67 million.
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Retirement Eligibility
1.Voluntary Retirement
*At least 15 years of service and aged 55 or older.
*At least 25 years of service.
*At least 10 years of service and aged 60 or older.
2.Mandatory Retirement
*Aged 65 or older.
*Incapable of performing work due to physical or mental disability.
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Pension Payment Methods
1.
Old System: Pension is paid based on years of service, with a maximum limit of 45 months of average wages.
2. New System: The Company contributes 6% of the monthly salary to the Bureau of Labor Insurance. Upon retirement, the pension is issued to the employee by the government.