The Ministry of Labor, which is in charge of the labor fund, received a report on September 16, 2020, alleging that the head of the labor fund utilization bureau surnamed You instructed securities companies to buy specific stocks and use the labor fund to speculate in stocks, suspected of profiting from external investment companies. Well, it costs the government money. On November 26, the Taipei District Prosecutor's Office directed the Independent Commission Against Corruption to conduct a three-way search and interviewed You Nan and his wife.
Not long after, the Labor Fund's October performance was announced, with a monthly loss of 44.12 billion. Are these two events purely coincidental, or are they mutually causal? Why have a labor fund? For the employees, the most unbearable remove background from image thing on the monthly payslip is the various deductions that make the actual salary and the nominal salary farther and farther away, such as labor insurance premiums, self-collection labor retirement Wait. Employers who pay salaries are not burdened with small burdens. In addition to salaries, there are hidden costs such as employee labor insurance premiums and labor retirement provisions, and the government itself cannot do anything but subsidize part of the labor insurance premiums.
After all the money is handed over to the Ministry of Labor, how should it be used properly so that it can pay the various benefits and pensions of the workers? The interest rate of only placing fixed deposits or buying government bonds is too low, and the Ministry of Labor will soon be unable to make ends meet. Therefore, the trend of countries around the world is to set up funds on their own. The labor fund is the collective name for the six types of funds: new labor retirement, old labor retirement, labor insurance, employment insurance, special funds for occupational disaster protection, and payment of arrears of wages . The size and proportion of the fund are as follows: