Enforcement Rules of the Labor Standards Act Article 29-1

According to the payment standards set forth in Paragraph 1 of Article 55 of the Act, the amount of pension referred to in Paragraph 2 of Article 56 of the Act shall be calculated in accordance with the followings:1. Number of workers: Including incumbent workers to whom the Act applies at the end of the year or whose lengths of service are reserved according to Paragraph 1 of Article 11 of the Labor Pension Act, as well as workers meeting the retirement conditions specified in Article 53 or subparagraph 1 of Paragraph 1 of Article 54 of the Act in the following year.2. Length of service: Starting from the date the Act applies to the end of the year following the year which the length of service is calculated or the day before the Labor Pension Act applies as a result of choice.3. Average wages: The average monthly wages of the year in which calculation is made.The unit of amounts to be calculated as mentioned in the preceding Paragraph shall be New Taiwan Dollar; amount shall be rounded to the nearest tenth.