Labor Fund plunges NT$378.7 billion in March, but Q1 earnings still exceed NT$400 billion
Taiwan's Labor Fund suffered a record-breaking monthly loss of NT$378.7 billion in March, attributed to US-Iran tensions, yet managed to secure over NT$400 billion in profits for the entire first quarter.
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- 📰 Published: May 4, 2026 at 11:52
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Taipei (CNA) — The Ministry of Labor today announced the latest performance of the Labor Fund. As of the end of March this year, the Labor Fund's earnings amounted to NT$434.4 billion, with a return rate of 5.76%; however, the earnings in March alone plunged by NT$378.7 billion, setting a new record for the largest single-month loss in history.
The Bureau of Labor Funds today announced the latest performance of the overall Labor Fund. As of the end of March this year, the total scale of the Labor Fund was NT$8.1874 trillion, with earnings of NT$434.4 billion and a return rate of 5.76%. If the National Pension Insurance Fund and Farmers' Retirement Fund, which are managed under commission, are included, the total managed scale reached NT$8.9499 trillion, with a return rate of 5.67% and earnings of NT$464.6 billion.
Specifically, the New Labor Pension Fund had a scale of NT$5.4324 trillion and a return rate of 5.47%; the Old Labor Pension Fund had a scale of NT$1.1019 trillion and a return rate of 9.83%; the Labor Insurance Fund had a scale of NT$1.4047 trillion and a return rate of 4.74%; the Employment Insurance Fund had a scale of NT$186 billion and a return rate of 1.36%; the Labor Occupational Accident Protection Fund had a scale of NT$38.4 billion and a return rate of 0.50%; and the Wage Arrears Repayment Fund had a scale of NT$24.1 billion and a return rate of 4.27%.
In addition, the National Pension Insurance Fund, commissioned by the Ministry of Health and Welfare, had a scale of NT$733.8 billion and a return rate of 4.65%; the Farmers' Retirement Fund, commissioned by the Ministry of Agriculture, had a scale of NT$28.6 billion and a return rate of 5.60%.
The Bureau of Labor Funds statistics show that the single-month earnings in February this year were NT$418.4 billion, which was the highest single-month total in history. Although the overall Labor Fund's earnings still grew in March, the single-month earnings severely declined, plunging NT$378.7 billion.
Looking at single-month earnings, the previous largest historical loss occurred in March 2020 during the COVID-19 pandemic, with a single-month loss of NT$319.82 billion. This March's plunge of NT$378.7 billion set a new record.
The Bureau of Labor Funds stated that reviewing market performance in March, global financial markets were primarily affected by the US-Iran conflict, with significantly increased volatility. Major global stock markets showed volatile declines, and bond markets simultaneously corrected, leading to severe market fluctuations that impacted short-term fund returns.
However, the Bureau of Labor Funds pointed out that in terms of long-term results, the average return rates for the overall Labor Fund and the National Pension Fund over the past decade (from 2016 to March 2026) were 9.13% and 9.36%, respectively. Over the past five years (from 2021 to March 2026), the average return rates were 11.11% and 11.09%, demonstrating stable investment performance. (Edited by Chang Ya-Ching) 1150504
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The Bureau of Labor Funds today announced the latest performance of the overall Labor Fund. As of the end of March this year, the total scale of the Labor Fund was NT$8.1874 trillion, with earnings of NT$434.4 billion and a return rate of 5.76%. If the National Pension Insurance Fund and Farmers' Retirement Fund, which are managed under commission, are included, the total managed scale reached NT$8.9499 trillion, with a return rate of 5.67% and earnings of NT$464.6 billion.
Specifically, the New Labor Pension Fund had a scale of NT$5.4324 trillion and a return rate of 5.47%; the Old Labor Pension Fund had a scale of NT$1.1019 trillion and a return rate of 9.83%; the Labor Insurance Fund had a scale of NT$1.4047 trillion and a return rate of 4.74%; the Employment Insurance Fund had a scale of NT$186 billion and a return rate of 1.36%; the Labor Occupational Accident Protection Fund had a scale of NT$38.4 billion and a return rate of 0.50%; and the Wage Arrears Repayment Fund had a scale of NT$24.1 billion and a return rate of 4.27%.
In addition, the National Pension Insurance Fund, commissioned by the Ministry of Health and Welfare, had a scale of NT$733.8 billion and a return rate of 4.65%; the Farmers' Retirement Fund, commissioned by the Ministry of Agriculture, had a scale of NT$28.6 billion and a return rate of 5.60%.
The Bureau of Labor Funds statistics show that the single-month earnings in February this year were NT$418.4 billion, which was the highest single-month total in history. Although the overall Labor Fund's earnings still grew in March, the single-month earnings severely declined, plunging NT$378.7 billion.
Looking at single-month earnings, the previous largest historical loss occurred in March 2020 during the COVID-19 pandemic, with a single-month loss of NT$319.82 billion. This March's plunge of NT$378.7 billion set a new record.
The Bureau of Labor Funds stated that reviewing market performance in March, global financial markets were primarily affected by the US-Iran conflict, with significantly increased volatility. Major global stock markets showed volatile declines, and bond markets simultaneously corrected, leading to severe market fluctuations that impacted short-term fund returns.
However, the Bureau of Labor Funds pointed out that in terms of long-term results, the average return rates for the overall Labor Fund and the National Pension Fund over the past decade (from 2016 to March 2026) were 9.13% and 9.36%, respectively. Over the past five years (from 2021 to March 2026), the average return rates were 11.11% and 11.09%, demonstrating stable investment performance. (Edited by Chang Ya-Ching) 1150504
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The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.