This pension calculator is only for the purpose of providing the estimated pension
;for actual contributions and earnings, please refer to the "Labor Pension Individual
Account Enquiry and Trial Calculation" on the website of the BUREAU OF LABOR INSURANCE
(link:https://www.bli.gov.tw/en/0010371.html).
When using this calculator, please enter your own assumptions such as salary, estimated
return on investment, salary growth rate, contribution rate, and seniority. The results
of this calculation are for reference only and will not affect the actual amount of
pension received. The actual pension received is still based on the total amount
accumulated by the individual in the “Labor Pension Individual Account” at the Bureau of
Labor Insurance.
"Estimated return on investment in individual pension" refers to the estimated average
return rate of the pension fund that is used during the employment period. This
calculator is set to the default of "3" %, which may also be altered by entering another
value by yourself.
"Estimated individual salary growth rate" refers to the estimated average salary growth
rate during the employment period. This calculator is set to the default of "3" %, which
may also be altered by entering another value by yourself.
"Annual pension contribution rate" refers to the employer's contribution rate (≧ 6%),
which is set to the default of “6” %. If there is voluntary pension contribution, enter
the value after adding up the voluntary contribution rate (≦ 6%) (e.g. employer’s
contribution rate of 6%; voluntary contribution rate of 6%, then enter "12") in this
field; For the "estimated seniority after selecting the new system", the default is set
to be "35" years, which may be altered by entering another value by yourself.
For the "estimated average life expectancy", this calculator provides two options of
the average life expectancy, 19 years and 23 years. Please make your own selection.
"Estimated monthly pension receivable" refers to the time when applying for the receipt
of the monthly pension pursuant to the "Labor Pension Act", this calculator will
continue to calculate the total of the pension and its income based on the estimated
return on investment, which will be then evenly distributed each month until the age of
the estimated average life expectancy that is entered arrives. However, when laborers
actually apply for the receipt of monthly pension, the interest rate will be based on
the average of the annual guaranteed return rates announced for the first 3 years of the
new labor pension system. The interest rate shall be reviewed every 3 years thereafter,
and the monthly pension amount will be recalculated accordingly. The average life
expectancy is calculated based on the average life expectancy, to be rounded up to the
nearest integer, of the national Abridged Life Tables to be announced by the Ministry of
the Interior. (The current average life expectancy at the age of 60 is 23 years; and the
average life expectancy at the age of 65 is 19 years).
After entering the "individual current wage", the calculator will calculate
automatically according to the wage scale of the "Table of Monthly Contribution Wages of
Labor Pension".
For the "accumulated principal and income after settling the pension transferred to the
special account under the old system until retirement", if there is no settled seniority
under the old system, please enter "0". The default of this calculator is set to be "0",
which may also be altered by entering another value by yourself.
This calculator was updated on March 22, 2023, and the cumulative trial count and the
number of hits on the website of the BUREAU OF LABOR INSURANCE are calculated since
March 22, 2023.
Online Pension Calculator for the Individual Laborer
(New Labor Pension System)
※ This system provides calculation for reference only.
For the detailed and accurate amount, please conduct the calculation according to the actual case.
Estimated trial calculation results
Trial calculation results
Estimated cumulative pension and income
Estimated monthly pension receivable
The percentage of the estimated amount of the monthly pension receivable out of
the average salary for the last 3 years(Income replacement ratio)
Trial calculation results
