Taiwan News
Date: 2016-09-04
By: George Liao, Taiwan News, Staff Writer
In response to the resistance to the plan of a national pension reform, President Tsai Ing-wen said on Sunday that for the well-being of next generations of Taiwanese people, “We will insist on reforming the country’s pension system, and as the country’s president, I will shoulder the pressure that arises with the reform.”
Noting that thousands of retired and serving military officers, civil servants and teachers marched through Taipei Saturday to show their opposition to the pension reform plan, Tsai said that actually their opinions had been expressed many times in the weekly meetings of the pension reform committee.
She said the purpose of a country’s pension system is to guarantee each of the country’s elderly to have a pension income to sustain a basic standard of living, and therefore there are four principles regarding the pension reform.
The first principle is that the guarantee is comprehensive enough to hopefully cover the cost of basic and minimum living requirements of every old citizen in the country, and the second is that the calculation should be scientific, whether it is regarding the replacement rates of income, individual and government contributing rates, or benefit terms and conditions, Tsai said. [FULL STORY]