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Payroll Taiwan: Labor Insurance (LI) 

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Labor Insurance (LI)

For Release 4.6C, the following changes are made according to legal requirements:

• Unemployment Benefits
  The premium of an insured person who is not covered by the unemployment benefit program has been adjusted to 1% less than those who are covered by the unemployment benefit program, that is 5.5% versus 6.5%.
  
  Those who are not covered by the unemployment benefit program include employers, persons under 15, persons over 60, foreigners or foreign sailors.

• Occupational Injury Insurance
  The Occupational Injury Insurance entitlement of an employee has been modified, according to the Labor law.
  
  The current employer of an employee can only insure him or her for Occupational Injury Insurance, if he or she has received old-age benefits (similar to retirement payment) from his or her previous employer.
  That is, the employee is covered by Occupational Injury Insurance only and not covered by the normal Labor Insurance.