Taiwan operates a multi-pillar system combining Labor Insurance, Labor Pension, and National Pension programs. The Labor Pension system features individual accounts with employer contributions of 6%, providing replacement rates typically between 50-70% for median earners with 15+ years of service.

Pension adequacy varies significantly based on contribution history and income level. Workers with 15+ years of service can receive monthly payments or lump sums; those with less than 15 years receive lump sum benefits only. Supplementary savings are encouraged given moderate replacement rates.