Back on topic:
http://www.taipeitimes.com/News/front/archives/2017/03/15/2003666790
Commissioner Lin doesn’t give a timetable, but his counterpart in Hualien does.
Hualien County Commissioner Fu Kun-chi (傅崑萁) called on the government to suspend the enforcement of the amendment for five years, saying businesses cannot afford the increased personnel costs.
“The government should consider suspending enforcement for five years until the economy has the ability to support the amendment,” Fu said.
That’s better than the 100 or so years proposed by our friend the pirate hunter. 
The Premier is having none of it, threatening action by both the EY and the CY. Meanwhile Ko-P is complaining that the central government has refused six requests for clarification of how the new rules actually work, Eric Chu wants them “to make adjustments to the amendment and unify enforcement criteria at the local government level,” and the Premier has some good news for employers:
To mitigate the effects of the amendment, the central government has designated the first and second quarters of this year as a grace period for businesses to make adjustments, the Executive Yuan said, adding that formal labor inspections would be launched in the third quarter to ensure compliance.
I think we can safely say the OP is correct.