Employer and Employee Contributions to Labor Pension
Q: | When working in a fast-food restaurant, does the boss need to help the part time student to contribute to the labor pension? |
A: |
Regardless of whether you are working part-time or full-time, if you are a worker subject to the labor pension regulations, you are the subject of compulsory contributions under the new labor retirement system. The employer should contribute labor pensions to employees. |
Q: | The employer helps the employees contribute 6% of labor pension every month. The employees themselves also want to contribute voluntarily. What is the contribution rate? |
A: |
Employees can flexibly withdraw contributions within the range of 6% according to their financial situation. If they feel that they are short of funds this year, they can first withdraw 3%, even 1%. When funds are sufficient, the contribution rate can be increased to 5% or to 6% of the upper limit of the voluntary contribution rate, but the contribution rate for labor pensions is limited to two adjustments within a year. |
Q: | What are the benefits of voluntary pension contributions? |
A: |
The amount of voluntary pension contributions can be fully deducted from the total personal comprehensive income of the current year, and you can also participate in the distribution of investment income every year, increase the accumulated amount of the labor pension personal account, and strengthen retirement life security. |
Q: | Is monthly salary payment based on full salary, basic salary or actual salary? |
A: |
The Labor Standards Law stipulates that all remuneration received for work is wages, so it should be declared and withdrawn in full salary. It cannot be declared in the form of a basic salary or actual salary after deducting the labor health insurance deductible. |
Q: | Does the employer only have to pay labor pension for employees who participate in labor insurance? |
A: |
Regardless of whether they participate in labor insurance or not, employers should provide retirement pensions for employees in accordance with regulations. |