Regulations for the Implementation of Annuity Insurance under the Labor Pension Act Article 25

The insurer shall make and send the payment statement of the annuity insurance premium to be bore by the employer and to be paid voluntarily by the worker to the business entity before the 25th day of the next month, and the employer shall make payment by the end of the following month. The insurer shall report the employer's payment status to the BLI before the 7th day of the month following the due date.If the employer has not received the payment statement from the insurer by the 15th day of each month, it shall first make payment based on the amount of the previous term and notify the insurer to re-send the payment statement.If the employer fails to pay the annuity insurance premium, the insurer shall demand payment immediately and require the employer to make payment by the end of the month following the due date. The result of claim shall be reported to the BLI by the 7th day of month following the payment due month.