Consumer Price Growth at 4.72%: No Increase in Labor Insurance Pensions This Year

In recent years, soaring prices have prompted the establishment of a mechanism to adjust labor insurance pensions according to inflation, aiming to protect workers' retirement funds. The Labor Insurance Bureau announced that due to a cumulative growth rate of 4.72% in the Consumer Price Index (CPI) for the year 114, which did not reach 5%, there will be no adjustments to labor insurance and disaster insurance pension payouts or disaster disability care subsidies for this year.
According to Article 65-4 of the Labor Insurance Act, when the cumulative growth rate of the consumer price index published by the Central Statistical Authority reaches ±5%, labor insurance pension benefits, as well as survivor and disability pensions, must be adjusted. The Labor Insurance Bureau noted that workers who claimed labor insurance pensions from 98 to 113 and those claiming occupational accident insurance pensions from 111 to 113 will not receive an adjustment this year, as the cumulative CPI growth rate did not meet the legal adjustment standard of 5%.
The Bureau previously stated that workers claiming labor insurance pension benefits for the years 98, 99, 102, 103, 104, 108, 109, and 110 will be eligible to have their monthly labor insurance pension benefits increased starting in May 113, with the cumulative CPI adjustment reset to zero for recalculation after the benefit increase.