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Corporate Service - Taiwan

Question

Survivor Claim for Farmer Pension Savings

Answer
Q: Will the monthly amount of farmers retirement savings benefits remain unchanged in the future?
A: The Bureau of Labor Insurance reviews and adjusts the calculation basis every three years. For cases already receiving payments, the benefit amount will be recalculated and disbursed in accordance with the adjusted interest rate.

Q: May farmer retirement savings benefits be received through another person’s bank account?
A: No. Payments must be received through an account held in the beneficiary’s own name.

Q: If a farmer passes away before fully receiving their farmers retirement savings benefits, may the heirs claim the remaining amount on their behalf?
A: If a farmer pass away before fully receiving the benefits, the remaining balance shall be claimed in a lump sum by the surviving family members or a designated beneficiary.

Q: May multiple heirs jointly receive the remaining balance?
A: Where there are multiple survivors of the same order of entitlement, they shall jointly apply for and receive the payment.

Q: What is the latest deadline for heirs to submit an application?
A: Surviving family members or a designated beneficiary must submit the application within 10 years from the day following the farmer’s death.

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