萬國法律事務所

Taiwan’s National Pension Act, which has now been in effect for four years, will be amended a second time. The Ministry of the Interior has affirmed that the amendment is expected to benefit over 52,000 people and is set to be approved by the Legislative Yuan very soon. Not only is the insurance payment period changed from a monthly payment to a daily calculation, but the law with regard to the parties insured has also been broadened in scope to include retired military personnel and public servants who have not served for over 15 years.

The Legislative Yuan has indicated that the reason for the amendment is to broaden the scope of coverage to include more people who will be able to benefit from the National Insurance Program. The amendment will allow a one-time lump sum payment or monthly benefits until death to be received after the age of 65 to many who were not insured previously. The Minister of the Interior has stated that the implementation of the National Pension Act was to provide a safeguard for those who do not have labor insurance or farmer’s health insurance, such as stay-at-home wives.

Upon implementation of the Act four years ago, it was found that the retirement payments made to military personnel and public servants who had retired at an earlier age were limited and insufficient. This amendment aims to correct this problem.