Regulations for the Implementation of Annuity Insurance under the Labor Pension Act Article 20

The monthly allocation of wages for the payment of annuity insurance premium by employers shall be made based on the monthly wages of workers in accordance with the standards of the Monthly Contribution Classification Table of Labor Pension under Paragraph 5 of Article 14 of the Act, and shall be reported to the insurers.If the monthly wages of workers are not in a fixed amount, the report shall be made based on the average wages of the last three months; if the wages of new workers have not been ascertained, the report shall be made temporarily based on the wages of workers in the same category of work.Where workers participating in annuity insurance are concurrently insured by labor insurance or national health insurance, except those whose total amount of monthly wages is below the floor of the "Table of Grades of Insured Salary" of labor insurance, the amount of monthly allocation of wages shall not be less than the insurance wages of labor insurance or the insurance amount of the national health insurance.