Employee Benefit Measures and Retirement system

• Employee Benefit:
  • Salary and bonuses:
    SCSB provides competitive salaries for its employees with reference to the market salary level and pays bonuses at the annual Dragon Boat Festival and Mid-Autumn Festival according to the surplus of the year. The year-end performance bonus is based on a performance-oriented appraisal system. At the end of the year, the implementation of the annual performance goals and the performance of the employees' behavior are reviewed. After the interview between the supervisor and the employee, the annual performance appraisal grade is approved as the reference for the payment of the year-end performance bonus. Employees with excellent performance can also get the opportunity of promotion and salary adjustment.
  • Pension:
    In accordance with government regulations, SCSB's employees' pension funds are deposited in the "Labor Pension Reserve Fund Supervisory Committee" account maintained by the Bank of Taiwan for employees who choose the old pension plan, and in the "Labor Pension Fund Supervisory Committee" account maintained by the Bureau of Labor Insurance for employees who choose the new pension plan. In addition, for employees who choose the old pension system, their pension received at the time of retirement shall be deposited into the employee current savings deposits (up to a maximum of NT$3 million) at the interest rate of the employees' current savings deposits to provide employees with a stable livelihood after retirement.
  • Insurance:
    In accordance with the relevant government regulations, in addition to employer's liability insurance, SCSB regularly contributes and pays universal health insurance premiums and workers' compensation insurance premiums for its employees. In addition, SCSB provides a monthly pension plan in accordance with the work rules and regulations of the Labor Standards Law, and provides group medical insurance, disaster compensation, medical subsidies and in-service death benefits to provide more protection for employees and their family members.
  • Employee health and leisure:
    SCSB provides travel subsidies and medical subsidies for employees, and conducts regular health checks for all employees. The headquarters has established a Health Consultation Center, which employs full-time nurses to provide nursing services and medical and health information, and conducts health screening activities, also employs medical doctors to provide health consultation, health education and health guidance services, and regularly releases health information to facilitate employees' self-care. In addition, a massage station is set up in the headquarters building to relieve the stress of employees at work.
  • Employee Benefits Committee:
    In order to promote a balance between work and health, SCSB has set up an Employee Welfare Committee to oversee the preparation, maintenance, planning and utilization of welfare benefits, and to handle various employee welfare programs and activities, including various clubs to encourage employees to exercise and keep fit. SCSB has a golf club, badminton club, yoga club, tai chi club, basketball club, billiard club, softball club, fitness club, traditional boxing health club, dance club, saxophone club and art club, etc. The Employee Welfare Committee provides subsidies for club fees, as well as annual employee travel subsidies, spring receptions, garden parties or employee family days, and membership in the “Unity Health World Country Club”, which provides a place for employees to work out and relax.
  • Training:
    In order to meet the training needs of employee development, in addition to the basic courses offered in each branch and department, SCSB has set up the eLearing as a platform for learning across time and space, providing a variety of training methods and open learning classes, with convenient learning conditions and unlimited learning space. Employees can take professional or knowledge-based courses such as money laundering prevention, regulatory compliance, information security and risk awareness through the elearning system via the Internet, and review the results in a timely manner without the constraints of time and location, using this convenient and efficient learning channel according to their needs. In addition, language proficiency is an important element in supporting employees' participation in international exchanges, and therefore, a foreign language subsidy standard has been established to provide a fixed amount of foreign language subsidy. In 2022, in line with the financial policy and operation strategy, project subsidies were provided, including: Senior Financial Planning Consultant, Family Trust Planning Consultant's license subsidy, and Urban Renewal Facilitator's certificate subsidy.
  • Employee Assistance Program:
    SCSB established employee assistance programs (EAPs), providing employees with counseling services in collaboration with an external professional consultant, the Taiwan Institute of Psychotherapy, in the hope of building a workplace conducive to both physical and mental health. The scope of counseling in Employee Assistance Programs (EAPs) encompasses work, family, parenting, relationships, interpersonal relations, self-discovery, emotional management, and legal issues such as housing purchases, car accident disputes, divorce and alimony, and property inheritance. Employees can use this service via free service hotline, email, or face-to-face counseling. In addition, the Human Resource Department shares EAPs-themed articles titled "A Spiritual Refreshment" with employees every month in the hope motivating them through reading and improving their physical and mental health. SCSB's EAPs offer employees a way to alleviate stress, so as to strike a balance between work and life.
  • Other benefits:
    SCSB offers preferential interest deposits with a limited amount for employees, and in compliance with the Banking Act of the Republic of China, handles employees' housing purchase and other loans. In addition, SCSB encourages employees and their children to study hard. There are many scholarships, such as Mr. Chu Ju-Tang Scholarship, Mr. Kuo Hsiang-Pin Scholarship, Mr. Chen Shao-Mei Scholarship Fund, Scholarship in Memory of Mr. Chen Kuang-Fu, Mr. Chen Kuang-Fu Peer Training Fund, Mr. Li Shih-Wei and his wife's Scholarship, and children's education subsidies.
    In order to create a friendly workplace environment and help employees balance work and family care responsibilities, SCSB set up breast-feeding rooms in the Headquarters, Neihu, Jiaxin, Personal Banking and Renai Buildings, and signed a corporate nursery service with Hess International Educational Group. The children of employees attending the company's kindergarten or parent-in-law school can not only offset the related expenses, but also extend the nursery service.
• Retirement system and its implementation:
  In order to stabilize the life of employees after retirement, SCSB has formulated retirement measures for employees according to law, and set up a labor retirement reserve supervision committee. The retirement reserve is set aside regularly every month in proportion to the total salary expenses of employees and stored in the special account of the Bank of Taiwan, and all of them are fully set aside to protect employees' rights and interests. Since July 1, 2005, the Labor Pension Act have been incorporated and adopted, with 6% of the employee's monthly salary being deposited into their individual pension account. Those who are willing to pay their retirement pensions will be deducted from their monthly salaries to the individual retirement pension account of the Labor and Social Security Bureau according to the voluntary payment rate.

  Pension system	Old system	New system
  Applicable laws and regulations	SCSB Employee Retirement Plan; Labor Standards Act	Labor Pension Act
  Allocation method	Contribute pension funds equivalent to a certain percentage of employees' gross salaries. Contributions are made to the Labor Pension Supervisory Committee and are deposited into separate accounts held under Bank of Taiwan.	Allocate 6% of each employee's salary to their personal account at the Bureau of Labor Insurance every month
  Amount allocated	Amount allocated as pension funds for 2022 was NT$322,564 thousands	NT$93,656 thousands allocated for 2022