Labour Ministry Urges Taiwanese to Contribute to Retirement Pensions

2025-12-02 17:07
Less than 20% of participants in Taiwan's labor pension system contribute voluntarily each month. (Photo / Yen Lin-Yu)
Less than 20% of participants in Taiwan's labor pension system contribute voluntarily each month. (Photo / Yen Lin-Yu)

To boost participation in Taiwan's national pension scheme, the country's Bureau of Labor Insurance urged workers to participate in the funds in a Facebook post on December 1st. 

Bureau statistics released on Monday revealed that earnings for the pension fund reached a new monthly high of NT 300.6 billion in October 2025, with the average participating worker profiting by NT 43,000. 

The Labor Pension Act, in effect since July 2005, mandates that Taiwanese employers must contribute no less than 6% ofemployees' monthly wages to the pension, with workers themselves able to voluntarily contribute up to an additional 6% of their monthly wages. 

However, official statistics indicate that only about 1.3 million Taiwanese, or less than 17% of total participants, made voluntary contributions from their wages as of June 2025. 

The bureau has repeatedly advocated for students working part-time or young professionals entering the workforce to contribute as early as possible, to save more funds for retirement. 

The post clarified that voluntary contributions are treated as non-taxable income and that an individual could double their post-retirement returns by maxing out their contributions.  

You've read it. Now let's talk. Follow us on X.    Editor:  Chase Bodiford



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