Chunghwa Post Co., Ltd. Establishment Act Article 12

For those incumbent employees of the Directorate General of Posts and its subordinate organizations under the MOTC who transferred to the Company already enjoying a rank as specified in the Appointment Regulations of the Employees Working in the Enterprises of the MOTC, those Appointment Regulations shall still apply, and the relevant regulations regarding employees of MOTC enterprises (postal employees) shall still apply to their salaries, benefits, performance ratings, retirements, severances and indemnities. The original regulations shall also still apply to those employees who don’t have a rank (apart from contract workers), and they shall remain at their original posts until they leave the employ of the company or until they retire.Personnel mentioned in the preceding paragraph may, within five years after this act comes into force, opt instead to fall under the regulations governing the administration of personnel of the Company in accordance with the second paragraph of Article 10 hereof. Once personnel make this change, they may not change backThe Company may, when it sees fit, apply the regulations governing the administration of personnel of the Company as specified under the provisions of paragraph 2 of Article 10 hereof to contract workers hired in accordance with the Postal Contract Workers Management Guidelines prior to the enforcement of this act upon or before the expiry of their contracts.The Company shall appropriate needed retirement funds for retired employees of the Company. These funds shall be appropriated in full before the privatization of the Company.