Taiwan’s Labor Minister Hung Sun-han (洪申翰) stated on Thursday that he does not agree with the former Labor Minister Ho Pei-shan's (何佩珊) assertion that “subsidies equal reform” concerning the Labor Insurance Fund. While speaking at the Legislature’s Social Welfare and Environmental Hygiene Committee, Hung emphasized that subsidies are just one approach.
The government has injected NT$387 billion (US$12.8 billion) into the Labor Insurance Fund over the past six years, delaying its projected bankruptcy from 2028 to 2031. Former Labor Minister Ho had repeatedly suggested that "subsidies equal reform," avoiding discussions about modifying pension calculations, reducing benefits, or increasing premiums.
Hung took a different stance during questioning by KMT Legislator Wang Yu-min (王育敏), stating that multiple approaches are needed to maintain adequate funding. He stressed that the government must address both collection and payment issues, in addition to improving investment returns, to ensure the sustainability of the fund. He notes that the pension fund can’t rely solely on subsidies. Hung also expressed openness to the opposition parties' proposal to legally mandate the government's responsibility for final payments.
Regarding the recently approved five additional national holidays, Hung reminded employers that they must follow labor laws by either allowing workers to take these holidays or paying double wages if employees agree to work on these days.