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To ensure employees' financial planning for retirement, ITE's pension system comprises both a defined benefit plan (The Old Retirement Reserve Fund) and a defined contribution plan (The New Retirement Reserve Fund).

• Defined Benefit Plan (The Old Fund)

ITE's retirement system exceeds the requirements of the Labor Standards Act. Employees under the old fund may apply for voluntary retirement under who have worked for ten years and the age of over fifty years old, or have served for more than twenty-five years. The criteria for retirement payment is calculated based on the years of service under the old fund. Two bases are given for each full year of service rendered. But for the rest of the years over 15 years, one base is given for each full year of service rendered. The total number of bases shall be no more than 45.

• Defined Contribution Plan (The New Fund)

Since July 1, 2005, in accordance with the Labor Pension Act, ITE has contributed no less than 6% of the employee's monthly wages to the individual labor pension accounts monthly.

In addition to complying with legal requirements for pension reserves, the company annually engages qualified actuaries to evaluate the pension reserves. It makes the necessary allocations on the company's accounts to ensure employees' future retirement benefits, further encouraging employees to have long-term career planning and commitment to the company.