This Act aims to encourage farmers to save money for their old age, enhance guarantees of the quality of life for retired farmers, stabilize rural society, and promote rural economic development. The term “farmers’ pension” as used in this Act shall be comprised of monthly payments from farmers and the Competent Authority. Farmers who meet the following two qualifying criteria can, based on this Act, make payments into farmers’ pensions: 1. Those who actually cultivate the land, are less than 65 years old, and are covered under Farmers Health Insurance. 2. Those who do not receive payments for the elderly from relevant social insurance. Farmers who make payments into farmers’ pensions under this Act shall be able to collect their pensions from the time they turn 65 years of age. Supervision of matters related to revenues, expenditures, and management of farmers’ pensions as well as the use, operation, and management of the farmers’ pension fund shall be conducted by the Supervisory Board for the Farmers’ Pension System
Taiwan Province of China · 2020-06-10