Talent Attraction and Retention
Retirement System
The ‘Employee Retirement Guideline’ and ‘Employee Retirement Benefits Guideline’ were formulated as a basis for the payment of employee retirement and relevant operations. Employees who meet the legal requirements for retirement may submit their application, those qualified will be issued a certificate of gratitude and a commemorative gold badge. Pension standards are handled in accordance with the Labor Standards Act and Labor Pension Act. Additionally, SKS has established a pension reserve oversight committee in accordance with the laws for the old system and opened an old system labor pension account at the Bank of Taiwan to manage and disburse pension. In accordance with the Labor Pension Act, pensions under the new system are disbursed for employees.
Under the old pension system, SKS disburses 2%-15% from the total worker’s monthly salary to the pension account at the Bank of Taiwan. Currently, 8% of the total amount is disbursed each month. Additionally, the balance of the pension account is estimated before the end of each year, and if the balance is still insufficient to pay for the total pension calculated based on the estimated number of employees meeting the retirement conditions in the following year, SKS shall make a one-time payment by the end of March in the following year in accordance with the laws. Under the new pension system, employees may voluntarily disburse 0%-6% to their individual pension account in addition to the monthly 6% disbursed by SKS in accordance with the laws. The voluntary disbursement amount will be deducted from the monthly salaries of employees who opt-in for disbursement into the pension account under the new system.