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|Other Titles: ||A research on labor rights and fund management regarding labor pension act|
|Authors: ||吳春美;Wu, Chun-mei|
|Keywords: ||退休金;勞工退休條例;個人帳戶制;退休金基金管理;Labor Pensions;Labor Pension Acts;Individual Account;Pension Fund Management|
|Issue Date: ||2010-01-11 02:09:42 (UTC+8)|
The new Labor Pension Act, which plays a decisive role in safeguarding the welfare of retired labors, was implemented on the 1st of July, 2005. Currently more than four million labors have opted for the new plan offered by the Act. Since the new Act is made mandatory for future labors and those who make career changes, it is likely to become part of the most significant foundation, upon which our social security is built.
Although the portability of individual accounts brought about by the new Act clearly reinforces labors'' entitlement of pension, it must be pointed out that even with the 6% deposited by the employers and/or workers'' voluntary contribution, it still does not compare favorably with what was offered by the old Act in this aspect. Such a low replacement rate raises concerns about insufficient Labor Pension. Due to the defined contribution system imposed by the new Act, the amount in the individual account of the labor upon retirement equals the total amount of assumable pension. As a result, the management efficiency of the Pension Funds becomes paramount.
With an analysis of current literature and questionnaires distributed via the internet, several findings have been made in this essay: (1) the majority of labors contributing to this project consider the new act to be superior and offers more security for their pension; and about half of them are willing to contribute to their own pension fund, feeling that the 6% contributed by the employer is not quite adequate; and more than 80% of them have set up their own personal retirement plans. (2) As the new Act compels employers to contribute the amount equivalent to 6% of a given labor''s wages towards his/her pension account, it is inevitable that the cost of manpower of the enterprise will increase, and this in return has some detrimental effects on the labors'' working conditions, such as the increase of workload, longer work hours, and less wages and welfare offered by the enterprise. (3) The majority (75.6%) of contributing labors are satisfied with the current pension system in this county, whilst 66.3% of them feel more secure with monthly pension payment. Half of them are willing to switch to the annuity insurance. (4) 74.2% of them have voiced a preference in offering the labors the right to steer investment policies regarding the management and operation of the Labor Pension Fund, whilst 66.8% have also pointed out that the government ought to commission trustworthy financial institutions to operate the Labor Pension Fund. More than half of them also think that the investment performance record of the Fund should be disclosed to the public on a quarterly basis.
|Appears in Collections:||[保險學系暨研究所] 學位論文|
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