Article 1
These Rules are drawn up in accordance with Paragraph 2 to Article 56 of the
Labor Standards Law (hereinafter referred to as the Law).
Article 2
The Supervisory Committee of the Workers’ Retirement Fund (hereinafter
referred to as the Committee) is composed of nineteen members. Among them, one
is chairperson and shall be served on a part-time basis by the Deputy
Chairperson of the Council of Labor Affairs of the Executive Yuan. Other
members shall be appointed (or assigned) on a part-time basis by the Council
of Labor Affairs from the following persons and the duration of their term
is one year:
(1) One representative from the Council of Labor Affairs of the Executive
Yuan.
(2) One representative from the Ministry of Finance.
(3) One representative from the Ministry of Economic Affairs.
(4) One representative from the Directorate-General of Budget, Accounting
and Statistics of the Executive Yuan.
(5) One representative from the Central Bank.
(6) Two representatives from municipal cities or counties (cities)
governments.
(7) Four representatives from labor organizations.
(8) Four representatives from business communities.
(9) Three representatives from experts and scholars.
Article 3
The duties of the Committee are as follows:
(1) Matters concerning the supervision and evaluation of the incomes and
expenditures, safekeeping and maintence of the Fund.
(2) Matters concerning the examination, supervision and evaluation of the
management and investments of the Fund.
(3) Matters concerning the examination of the annual budgets and final
financial statements of the Fund.
(4) Other matters concerning the examination of the incomes, expenditures,
safekeeping, management and investments of the Fund.
Article 4
The Supervisory Committee shall meet once every month under the leadership
of the Chairman. Ad hoc meetings shall be held if necessary.
Article 5
The Supervisory Committee shall designate an executive secretary, who shall be
appointed by the Council of Labor Affairs of the Executive Yuan and working on
a part-time basis. It shall also have several administrative personnel, who
shall be appointed by the Council of Labor Affairs of the Executive Yuan or
other related function executive authorities and working on a part-time
basis.
Article 6
The members and the part-time employees of the Committee shall receive no
salary for their work. For those who are not the regular employees of the
Council of Labor Affairs of the Executive Yuan, but doing the part-time job,
may receive wage for their part-time work, under the existing regulations.
Article 7
The Supervisory Committee shall be given the power to adopt the detailed chart
of all levels of responsibilities for its own use and shall submit it to the
Council of Labor Affairs of the Executive Yuan for review and examination.
Article 8
The rules shall be effective on the day of promulgation.