Labor insurance fund may go bankrupt early. (Photo source: Taiwan's "Dongsen News Cloud")
China Taiwan Network reported on August 25 that the labor protection fund, which is related to the rights and interests of 7.5 million workers in Taiwan, has the income and expenditure deficit in advance? The labor insurance fund originally estimated that the income and expenditure deficit will be greater than the premium income next year and will go bankrupt in 2027, but from December last year to the end of June this year, there were six months when the expenditure exceeded the premium income. Did the estimated bankruptcy be earlier? Officials from Taiwan’s “Labor Insurance Bureau” said it depends on whether premium income can increase in the future. The implication is that the labor insurance fund may go bankrupt early.
According to Taiwan's "United Evening News", the labor insurance fund originally estimated a deficit in revenue and expenditure next year and went bankrupt in 2027. However, statistics from the Taiwan "Labor Insurance Bureau" found that from December last year to the end of June this year, the labor insurance fund spent more than the premium income in six of the seven months, and the deficit increased month by month, and the shortage of revenue and expenditure occurred one year earlier, and the financial situation is eye-catching.
reported that the latest financial actuarial report of the labor insurance fund in 2015 pointed out that the fund revenue and expenditure deficit was earlier than 2020 to 2018, and the bankruptcy time was also mentioned from 2031 to 2027. This data is the same as the timetable of the actuarial report in 2012, but the hidden liabilities increased from 6.83 trillion yuan ( New Taiwan Dollar , the same below) to 8.36 trillion yuan due to population aging. It is worth noting that from the latest statistics at the end of last year, it was found that the deficit time had appeared one year earlier.
report also mentioned that in previous years, there were only two major bank runs in labor insurance funds, which had a serious deficit. Once, the labor insurance elderly payment annuity was revised; the other time, the labor insurance fund actuarial results showed that the fund revenue and expenditure deficit and bankruptcy were both early, causing workers to rush to receive elderly payments.
In response to the issue that workers are most worried about the impact of elderly payments, the "Labor Insurance Bureau" expressed confidence that the number of elderly payments for elderly applications has increased within a reasonable range. Labor insurance is a social insurance opened by the authorities, and workers do not have to worry about not being able to obtain it. The balance of the labor insurance fund is as high as 692.4 billion yuan, and the operating income of the labor insurance fund is not bad, the fund finance is still stable. Some officials believe that as long as the "annuity reform" is passed as soon as possible, premium income will increase next year. (China Taiwan Network Yang Xuan)
