Well, now that wife and I are considering migration to Manila (which is not the subject of discussion here ) the question arose what will be with my old age insurance entitlement in Taiwan. I mean I had been in the Labor law old age insurance since I started working here in 2004. Wife now thinks all my entitlements would be lost if I do not complete the 15 years payment into the system which normally need to be done.
My own interpretation is that I could get a lump-sum payment when the time comes even if I did not complete the 15 years. A nice website for such things is http://www.bli.gov.tw/en/sub.aspx?a=n9N84vZDrjw%3D which rather seems to confirm my point of view.
But now the wife says: For foreigners they will only pay if they live with an ARC in Taiwan. Meaning if we were to live in Philippines or Germany or where ever she thinks I will not get any payment. The websites from the Taiwan gov seem to avoid this point.
Question: Any practical experience here? How realistic is it for a foreigner to get something out of the old age insurance system when the time comes?
I am now end of 40ish and married in Taiwan, if that is of relevance.