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Employee Benefit Savings Trust

What is “employee benefit savings trust”?

”Employee benefit savings trust” is a trust in which grantors turn over the employer and employee’s contribution to the trust managed by CTBC. This trust is a combination of savings and investment that designs “employee benefit plans,” helping companies improve performance and employer-employee relationship with “employee benefit plans.”

How an “employee benefit savings trust” can be started?

The company or its employees will for a benefit savings committee, sign a trust contract with the trustee that specifies the trust funds that should be contributed to the trustee and should be accounted for trust property equity. After the purpose of the trust is completed or the trust duration terminated between individual employee and trustee, the trustee returns the trust asset value to employees.

Structure of the product

The advantages of implementing such measures

A customized benefits program that improves employer-employee relationships
  It is a benefits program designed with the needs of each corporation that helps retain talent, motivate employees, improve benefits, and raise productivity.

Outsourced operations; division of labor
  Non-core services are outsourced to the bank and routine operations of account management is taken care of.

Independence of trust assets
  Trust property cannot be subjected to compulsory enforcement, and the security of assets is reinforced.