Home » Economy » With the new system of high-salary retirement system, the self-improvement gap has exceeded 50%. Can retired veterans of the petty bourgeoisie survive on their own? | Vientiane Life | United Daily News

With the new system of high-salary retirement system, the self-improvement gap has exceeded 50%. Can retired veterans of the petty bourgeoisie survive on their own? | Vientiane Life | United Daily News

by Alexandra Hartman Editor-in-Chief

2023-11-12 03:30:00

2023-11-12 11:30 United Daily News / Reporter Ye Guanyu

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The new labor pension system requires employers to contribute at least 6% of labor pension to employees every month, and also allows employees to voluntarily contribute up to 6% of labor pension. According to statistics from the Ministry of Labor, the number of people who have withdrawn from labor under the new system has exceeded one million for the first time in March this year. As of the end of August this year, the number has continued to increase to 1,042,088 people, and the withdrawal rate has accounted for regarding 14% of all retired workers under the new system.

Although more and more workers choose to self-fund, the question of whether they should choose to “save their own retirement capital” still puzzles most workers. Some people think that since their salary is not high, low-income earners cannot afford to raise their own capital, while only high-salaried earners can raise their own capital. After all, which salary range is more suitable for workers to choose self-payment? According to statistics from the Ministry of Labor, although the current average salary withheld is NT$64,801, the monthly salary level with the largest number of self-withdrawals actually falls within this level…

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