The China Post
Date: January 3, 2017
By: Joseph Yeh

TAIPEI, Taiwan — A local bank’s negligence hascreated a delay in the pension payments of some retired military personnel, Public Service Pension Fund Management Board (公務人員退休撫卹基金管理委員會) said Monday, a day after some veterans complained that they had not received the money.

Pension for retired military personnel is wired each year in two installments, with the first on Jan. 1.

On Jan. 1, many veterans complained that they had not received the money.

They expressed concern that their pensions had been canceled without warning as part of the government’s ongoing pension reform efforts, which is expected to significantly cut their retirement benefits.    [FULL  STORY]