Taiwan’s Middle-aged and Senior-aged Employment Promotion Act Came into Force to Facilitate Employment of Senior Workforce. The move it so address the challenges arising from an aging population. The Act was promulgated in December 2019. The purpose of the Act is to increase the employment rate for middle-aged (45 to 65 years old) and senior-aged (over 65 years old) people, including citizens and qualified foreigners.
To provide incentives for employers to hire/retain middle-aged and senior-aged employees, the Act provides subsidies/awards to the employer if it keeps middle-aged and senior-aged employees gainfully employed, employs unemployed middle-aged and senior-aged people, and/or assists or re-employ retirees.