Workers' loan repayment period extended: report

A total of 450,000 workers have applied to the labor insurance fund for a loan bailout. Yet, among those, up to 100,000 are still not capable of repaying the loans.

In order to ease workers' loan burden, the Legislative Yuan passed Labor Insurance regulation No. 29, which extends the period of time in which they can pay back the loans.

Workers basically have until the time their pensions start being paid out to pay back their loans. Whatever debt is still remaining may be deducted from their pensions.

The CLA said they are not concerned about laborers not paying back their loans, because whatever isn't paid back can be deducted from their pensions. With this safety net, the CLA said they want to give as much leeway as possible for workers to pay back the loans.

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