News
Labour insurance fund balance reaches NT$1 trillion
16 October, 2024
Labour minister Ho Pei-shan (何佩珊) has reassured the general public that they don't need to worry about their pensions.
She says with the government's subsidies and investment returns, the Labor Insurance Fund balance reached NT$1.1 trillion in July, which is at a very safe level.
The minister says with the government is allocating another NT$130 billion to the fund next year, the total allocation since 2020 will amount to NT$387 billion.
As of August, the labour fund's returns by August this year had also reached NT$887 billion, with a 14% return rate.
Resisting experts' calls for reforming the labour insurance systems, Ho stresses that "she's not there to cut people's pensions," saying that government allocation is reform.
Go Top