Taiwan: There are two types of pension contribution systems, which are governed by the law and are subject to the requirement of monthly contributions and full contributions. Under the New Pension System, the Company contributes 6% of the employees' monthly wages to the employees' individual pension accounts. Employees may also make monthly contributions of 0% to 6% of their wages to their individual pension accounts if they so desire, and the Company deducts the amount of the contributions from the employees' wages on a monthly basis.
China: In accordance with the regulations on retirement in Mainland China. Employees who have paid the statutory social insurance for 15 years are entitled to a monthly pension upon retirement. According to the Labor Law, the retirement age is 60 for male workers, 55 for female cadres and 50 for female employees.
Welfare measures
Our company has always treated our employees with sincerity and established a good relationship of mutual trust and reliance through a welfare system that stabilizes the lives of our employees and a good education and training system. The company complies with relevant labor laws and regulations, protects the reasonable rights and interests of employees, provides a safe and healthy working environment for employees, and has set up a framework for responding to employees' opinions and complaints. The following are some of the specific measures that the company has taken to promote harmonious labor-management relations:
1.Our company allocates employee compensation to employees in accordance with the law; monthly performance bonuses are calculated and paid to employees based on indicators; Year-end bonuses and profit-sharing/special bonuses are also paid annually based on business interests.
2.Annual training, subsidies for various professional courses and certification examinations, as well as bonuses for upgrading the qualifications of employees are organized.
3.Our company applies the Labor Pension Act and the Labor Standards Act in Taiwan and the Labor Law and the Social Insurance Law in China. The company is subject to the Labor Pension Act and the Labor Standards Act in Taiwan and the Labor Law and the Social Insurance Law in China.
4.The company has a cafeteria and provides each employee with lunch and overtime meals in mainland China; lunch is provided in Taiwan. In addition, we provide group insurance, emergency relief loans, marriage, childbirth, abortion, funeral, hospitalization, public injury, high temperature subsidy, and employee children's scholarships, etc. In addition to employee birthday gifts, we also provide employees with various annual festival gifts. We also provide subsidies such as temperature subsidies and scholarships for employees' children; in addition to birthday gifts for employees, we also provide employees with various annual holiday gifts.
5.Our company has a diversified recreation center (with library, fitness equipment facilities, billiard room, cafeteria and training room) and subsidizes various clubs to organize diversified activities inside and outside the company, such as: outdoor hiking, hiking tours, yoga courses, various ball games inside and outside the company, and charitable and public welfare organizations, etc. From time to time, we hold various ball games, and we are open to the staff to bring their family members to participate in the activities. We organize various ball games from time to time, and open to employees to bring their family members to participate.
