Regulations for the Implementation of Annuity Insurance under the Labor Pension Act Article 53

The labor retirement annuity insurance policy shall state the following matters:1. When a worker leaves office and is not employed later on, or when the worker leaves office and is re-employed and continues to pay annuity insurance premium, the insurance applicant shall be changed to the worker;2. Where a worker leaves office and is not employed later on, or when the worker leaves office and is re-employed and continues to pay annuity insurance premium, the insurer shall provide a flexible method for premium payment. The annuity insurance contract shall not lose force due to suspension of premium payment, and the policy value reserve shall not be reduced/damaged;3. The rights provided in the annuity insurance contract shall not be assigned, attached, offset or provided as security;4. The average return rate during the period of annuity insurance premium payment and application for pension payment, after deduction of administrative fee, shall not be less than the interest rate of a 2-year-term time deposit of local banks; and5. The matters provided in Article 5, Article 7, Paragraph 1 of Article16, Article 35, Article 36, Article 38, Articles 40 through 48, and Article 67 herein.