The China Post
Date: October 14, 2016
By: Christine Chou
TAIPEI, Taiwan — Former Labor Minister Chen Hsiung-wen (陳雄文) Friday said he supported the
government raising the ceiling on labor insurance benefits, but added that it should establish a “floor” as well so that fewer seniors lived in poverty.
A worker paid an average monthly wage of NT$35,000, who has been working for over 30 years, can receive around NT$16,275 per month after retirement, Chen said.
“But that sum is even lower than NT$17,172, the average income of middle-to-low income households. Not to the mention the fact that the Directorate General of Budget, Accounting and Statistics (主計總處) states that the average monthly expenses per individual is at NT$19,978,” Chen said.
“We strongly believe it’s critical the government sets a labor insurance floor, to avoid the increased social burden resulting from a fast-growing number of pensioners living under the poverty line.” [FULL STORY]