Reported 5 months ago
The amount of monthly retirement pension depends on the 'real income replacement rate', which is the ratio of retirement pension to retirement salary. Those with higher salaries may have lower replacement rates due to a monthly insurance threshold of NT$45,800 for Labor Insurance. It is recommended to not only have a 6% self-contribution, but also save for retirement to prepare for elderly life. Those without employer contributions may have only a 40-50% replacement rate. It is advised to start financial planning early to ensure a comfortable retirement, as inflation continues after retirement, impacting purchasing power.
Source: YAHOO