Regulations for the Allocation and Management of the Workers' Retirement Reserve Funds Article 5

In the event that a business entity suspends operation, and the employer,chairperson, or vice chairperson of the labor pension reserve supervision committee cannot be located or are unable to apply their signatures, and such condition is confirmed by the local competent authority, the funds may be used with the signatures of two thirds of the members of the labor pension reserve supervision committee, said signatures shall be provided within six months after suspension of business operation.When the funds in the labor pension reserve cannot be used according to the procedure prescribed in the preceding Paragraph after a business entity suspends its operation, the workers may file a claim for execution to request the local competent authority to convene a pension or severance claimants meeting and the local competent authority shall then act according to the resolution achieved at the meeting to request the financial institution in concern to make the payments.After paying the arrear pensions or severances according to Article 14 of the Regulations for the Management, Repayment, Collection and Allocation of the Arrear Wage Debts, the Bureau of Labor Insurance (hereinafter referred to as the BLI) of the Ministry of Labor may, within the amount of the arrear pensions or severances, present the claim for execution from the workers and request the local competent authority to take the procedure prescribed in the preceding Paragraph.