Labor Pension Act Article 35

A business entity with over 200 employees may, with the consent of a labor union or with the approval of Labor-Management Meeting when no labor union exists, insure with the Annuities Insurance pursuant to the Insurance Act for workers who choose in writing to insure with the Annuities Insurance.In the case of workers choosing to insure with the Annuities Insurance of the preceding paragraph, the employer is not required to contribute to labor pensions in accordance with Article 6, Paragraph 1.Regulations concerning revenues, expenditures, approval and other related matters of compliance of the Annuities Insurance referred to in Paragraph 1 shall be prescribed by the Central Competent Authority. Business entities adopting the Annuities Insurance referred to in the preceding paragraph shall file with the Central Competent Authority for approval.The average return rate of Annuities Insurance referred to in Paragraph 1 shall not be less than the rate prescribed in Article 23.