Q: How do employers apply the old labor pension system for intermediate skilled workers?

Answer:

(1) Employers should apply to the labor bureau where the business entity is located to establish a Business Entity Labor Retirement Reserve Supervisory Committee, which will then ask Bank of Taiwan to set up an account and the National Taxation Bureau to register the account.
(2) The amount of money to be allocated by the business entity (the contribution rate is 2-15% of salary per month) must be approved by the labor bureau where the business entity is located and after the employer receives a letter of approval from the aforementioned authority it can take the payment receipt and calculate the amount of contributions from the month in which approval is received, making the payment at a designated collection bank.