Retirement System
ZIPPY is committed to establishing a robust retirement security system and striking a balance between sustainable business operations and employee well-being. From the first day of employment, we follow applicable local regulations at each operating site to allocate employee pension contributions into designated accounts. Retirement applications and benefit standards shall be processed in accordance with the provisions of the Labor Standards Act and the Labor Pension Act, thereby safeguarding both employees’ retirement entitlements and post-retirement quality of life.
In Taiwan, according to the Labor Standards Act, the pension is divided into two systems and let employees choose the applicable one:
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Labor Standards Act Pension System (Old System):
2% of each worker's monthly salary is to be deposited in a pension reserve fund in The Trust Department, Bank of Taiwan.
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Labor Pension Act (New System):
ZIPPY contributes 6% of each worker's monthly salary to their pension accounts.
At other overseas ZIPPY locations, employee retirement benefits are administered
in accordance with local laws and regulations.