Agricultural workers will see their share of contributions to the national farmer retirement savings program reduced, with the change backdated to January 1st of this year.
The Executive Yuan has approved amendments to the Farmer Pension Act, adjusting the contribution ratio between the government and farmers.
Under the original system launched in 2021, both parties contributed 50 percent each.
Now, the amended rules lower the farmer's share to 40 percent while raising the government's share to 60 percent, reducing farmers' monthly out-of-pocket costs without affecting their retirement benefit levels.\
the Ministry of Agriculture says the adjustment is backdated to January 1st, and farmers who have been paying at the higher rate since the start of this year will receive refunds for the overpaid difference.
Officials say those refunds are expected to be processed in August.
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