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Minimum wage to be adjusted to NT$25,250 per month and NT$168 per hour starting January 1, 2022
Highlights of the Ministry of Labor
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2024-12-25
Revisions were made to Article 4 of the "Industrial Talent Investment Program Subsidy Guidelines", Article 6 of the "Industrial Talent Investment Plan", and Article 6 of the "Labor Autonomous Learning Enhancement Plan". Additionally, on December 30, revisions were made to Article 10 of the "Regulations of the Employment Insurance Vocational Training and Training Funds Management Utilization". These amendments support the government's policy of encouraging in-service workers to enhance their independent learning by acquiring professional skills aligned with industry development needs. The goal is to increase workplace competitiveness and promote employment stability. To achieve this, the maximum subsidy amount has been increased from NT$70,000 per person over three years to NT$100,000 per trainee over three years. This adjustment shall take effect on January 1, 2025.
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2024-12-25
To align with the minimum wage increase from NT$27,470 to NT$28,590, effective on January 1, 2025, the "Table of Grades of Labor Insurance Salary", the "Insured Salary Category Chart of Labor Occupational Accident Insurance", and the "Labor Pension Monthly Contribution Grading Table" have been simultaneously revised and implemented. Full-time insured workers under Labor Insurance (Employment Insurance) and Occupational Accident Insurance with previous salary grades of NT$27,470 or NT$27,600 will have their insured salaries automatically adjusted to NT$28,590 starting January 1, 2025. Notification of this adjustment will be included in the payment statements sent to insured and contributing units.
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2024-12-23
The Bureau of Labor Funds launched the 2024 Domestic Investment (Absolute Return Category) Mandate for the New Labor Pension Fund. This initiative aligns with the expansion of Taiwan's stock market and aims to enhance fund performance and optimize investment returns. The target return rate benchmark has been raised from 2.5% (250 basis points) to 3% (300 basis points) above the five-year average dividend yield of the Taiwan Stock Exchange, encouraging investment firms to maximize fund performance. Following a rigorous evaluation process, five investment management firms were selected to oversee fund allocation: Allianz, BlackRock, Schroders, Nomura, and J.P. Morgan Asset Management. Each firm has been assigned NT$9 billion, totaling NT$45 billion in managed assets.
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2024-12-20
The Bureau of Labor Insurance announced the implementation of the "2025 Labor Insurance Insured Relief Loan" The maximum loan amount for each eligible applicant is NT$100,000, and the application period is from Dec. 26, 2024 to Jan. 10, 2025.
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2024-12-17
The Ministry of Labor announced the recognition of homeless individuals listed under social assistance programs by local governments as eligible for employment support under Article 24, Paragraph 1, Subparagraph 10 of the Employment Service Act. This initiative integrates social safety networks with recent Public Assistance Act amendments, aiming to enhance pre-employment training and job skill development for the homeless population. The program is expected to support approximately 850 homeless individuals annually, assisting them in achieving economic self-sufficiency.