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
Former Labor Minister Chen Hsiung-wen (陳雄文) offers policy suggestions regarding annuity reforms and long-term care at think-tank National Policy Foundation’s (國家政策研究基金會) headquarters in Taipei on Friday, Oct. 14. (Morgan Lin, The China Post)
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]
