Summary

The Taiwanese social security system ensures that it meets all the social requirements of the country’s employees that are engaged in trade and commerce or are employees of private and public sector companies. Persons working in mines and plantations, fishermen, and some self-employed persons are also protected through social security. Under the labor insurance program, self-employed people who are not covered through an occupational union, and people who are involuntarily unemployed with a minimum of 15 years’ coverage may take voluntary insurance. The Taiwanese government makes sure that the Taiwan Labor Standard Law (TLSL) and Labor Pension Act (LPA) protect the rights of citizens. The pension policy, which was implemented in 2008, has led to wider coverage of the population and increased efficiency.

The report provides in-depth industry analysis, information and insights of the employee benefits in Taiwan, including: overview of the state and compulsory benefits in Taiwan, detailed information about the private benefits in Taiwan, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Taiwan.


Key Highlights

  • The Ministry of the Interior (MOI) is responsible for protecting rights and assets, as well as ensuring citizens’ safety.
  • The Bureau of Labor Insurance operates under the Ministry of Labor, and is responsible for collecting contributions from insured persons and paying them benefits based on their claims.
  • The Taiwanese government makes sure that the Taiwan Labor Standard Law (TLSL) and Labor Pension Act (LPA) protect the rights of citizens.
  • The country’s social security system has three programs - the labor insurance program, the labor pension fund and the national pension program - under which retirement benefits are provided to people based on their categories.




Scope

This report provides a detailed analysis of employee benefits in Taiwan -

  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Taiwan




Reasons To Buy

  • Make strategic decisions using in-depth information related to employee benefits in Taiwan.
  • Assess Taiwan’s employee benefits market, including state and compulsory benefits and private benefits.
  • Gain insights into the key employee benefit schemes offered by private employers in Taiwan.
  • Gain insights into key organizations governing Taiwan’s employee benefits, and their impact on companies.