Page 68 - Demo

68( %u4e09 ) Implementation of Retirement SystemThe company has established retirement-related policies in accordance with the \Employees who have worked for fifteen years and reach the age of fiftyfive, or those who have worked for twenty-five years, or those who have worked for ten years and reach the age of sixty, may apply for retirement voluntarily. Additionally, the company engages an actuary annually toassess retirement reserves to ensure adequate funding and safeguardemployees' future pension benefits.%u2022 For employees under the old \the company allocates 2% of the total salary amount monthly forretirement funds. These funds are stored in a designated account atTaiwan Bank under the name of the Labor Retirement Fund SupervisionCommittee. According to Article 56, Paragraph 2 of the Labor StandardsAct, the employer must estimate the balance of the labor retirement fundaccount before the end of each year. As of the end of December 2023,the balance of the old system retirement fund was NT$19,714,000,sufficient to meet the retirement needs of eligible employees. In 2021, 3employees applied for retirement; in 2022, 1 employee applied; and in2023, 2 employees applied.%u2022 For employees under the new \company contributes 6% of the employee's average salary monthly totheir individual retirement account established with the Bureau of LaborInsurance, based on the wage level corresponding to the labor pensioncontribution schedule.Salary information for full-time non-supervisory employees over the past three years2021 2022 2023Number of full-time non-supervisory employees385 353 372Total salary amount for full-time non-supervisory employees (in thousands of NT dollars)209,402 215,844 225,754Average salary for full-time non-supervisory employees (in thousands of NT dollars)544 613 607Median salary for full-time non-supervisory employees (in thousands of NT dollars)464 529 535BBIOTEQUE CORPORATION2023 Sustainability Report