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76% of enterprises only accept up to 3% hike in minimum wage: Poll

Taipei, Aug. 29 (CNA) About 76 percent of polled enterprises will only accept a hike of up to 3 percent in the minimum wage for 2023, well below the more than 10 percent increase urged by labor unions, a survey released by the Chinese National Federation of Industries (CNFI) showed Monday. ....

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Taipei urged not to change pension investment rules

The government should not change labor pension fund management regulations to allow workers to select their own investment targets, workers’ rights advocates told a news conference in Taipei yesterday.
“We urge the Ministry of Labor to maintain its position on the issue and resist lobbying from securities investment firms, which have been coveting this fat cow [labor pension funds] for years,” Taiwan Labor Front secretary-general Son Yu-liam (孫友聯) said, adding that the group is also planning to petition lawmakers to resist the change.
At the center of the issue is the state-run Labor Pension Fund, which has accumulated about NT$3.1 ....

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