The China Post News Staff
Several new measures regarding labor rights and interests will be launched on Jan. 1, 2011. The first will aid owners of small and medium enterprises. Soon they will be able to pay labor insurance and retirement pension premiums at convenience stores.
The monthly basic wage will also be increased for employees nationwide from NT$17,280 to NT$17,880 and the minimum hourly rate from NT$95 to NT$98. In addition, the premium rate for ordinary insurance will also be increased from 7.5 percent to 8 percent (of the 8 percent, 7 percent is the rate of labor insurance and 1 percent the employment insurance). The same rate for workers from the Taiwan Vocational Association will be increased from 6.5 percent to 7 percent. Also, the total sum of a worker’s salary insured and the table that records the tiers of retirement pension deductions will be modified to correspond to the adjustment of the base salary. The monthly salary insured for workers over 16 is to be no less than NT$17,880, and child labor no less than NT$12,540.
The Council of Labor Affairs will from Jan. 1, raise the sum of salaries insured for labor insurance and corresponding deductions for retirement pension, and charge the premiums accordingly.