On Oct. 14, 2025, TAI Justice issued TAI LAB order to interpret paragraph 1 of article 56 of Labor standards act.
Workers who have already settled reserved seniority under the Labor standards act, appointed managerial personnel, workers newly hired after the implementation of the Labor pension act are excluded.
As well as foreign workers under Employment service act article 46(1)(8) - (10) with less than ten years of service.
The interpretive rules are effective from Apr. 1, 2026.
On Mar. 11, TAI LAB reminded about reviewing pension reserve fund.
TAI LAB reminded employers that employ workers under the old retirement system to review if pension reserves are sufficient, and make up difference by Mar. 31, 2025.
Pension Reserve Balance
Article 56 of Labor standards act states that before the end of each year, employers shall assess the balance in the designated labor pension reserve funds account.
If the amount is inadequate to pay pensions for workers retiring in the same year, the employer is required to make up the difference before end of Mar. the following year.
Oct. 2025 Interpretation
On Oct. 14, 2025, TAI Justice issued TAI LAB order to interpret paragraph 1 of article 56 of Labor standards act.
Workers who have already settled reserved seniority under the Labor standards act, appointed managerial personnel, workers newly hired after the implementation of the Labor pension act are excluded.
As well as foreign workers under Employment service act article 46(1)(8) - (10) with less than ten years of service.
The interpretive rules are effective from Apr. 1, 2026.
