HTC 2007 Annual Report Download - page 121

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VIII
236
>Retirement System :
Since its inception, HTC has formulated the
rules governing its retirement pension in
accordance with the law. Beginning in
November of 1999, two percent of the total
paid compensation each year was allocated to
a retirement pension fund. Beginning in fiscal
2004, eight percent of total paid compensation
each year was allocated to a retirement
pension reserve, and transferred into an
Employee Retirement Pension Fund
Oversight Committee Special Account for
saving and payouts. Following implementation
of the new labor pension system on 1 July
2005, HTC began making contributions
according to law for employees that chose the
new system, and for employees wishing to
remain with the old system, HTC adjusted the
original eight percent allocation to two
percent, after performing an actuarial study
and submitting the proposal to the competent
authority for recordation and approval.
•
Agr
ee
m
e
n
t
s B
e
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w
ee
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a
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a
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n
t
&
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ea
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oy
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R
i
gh
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s
a
nd
In
t
e
r
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t
s
HTC is devoted to creating an atmosphere of
mutual trust between labor and management.
The company also emphasizes internal
communication, providing numerous channels
for suggestions and responses such as a
complaint hotline, written complaint box, e-
mail complaint box, labor-management
meetings, and regular surveys of employee
opinion that have fostered harmonious labor-
management relations.
•
L
i
s
t
a
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l
oss
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.
During the most recent fiscal year and up to
the printing date of this annual report, labor-
management relations have been harmonious
with no losses resulting from labor-
management conflicts, and there is no future
projected amount for any loss of this type.
S
IG N IFIC A N T E V E N T
IX
SPECIAL N OTES
l
OTHER NECESSARY SUPPLEMENT
l