Former interior minister warns of pension system financial crisis

Radio Taiwan International
Date: 017-02-22

Former Interior Minister Lee I-yang says that pension reform must move forward to

Former Interior Minister Lee I-yang (Photo by CNA)

avoid financial issues that might cripple the system.

Lee was speaking at the Legislature on Wednesday to present his plan for pension reform as candidate for the deputy of head of the Examination Yuan. Lee said that Taiwan’s aging population has exposed the financial stress that early retirement has put on the pension system.

Lee has also said that spending on pensions for retired military personnel, teachers, and civil servants outstripped revenues in 2011, 2014, and 2015. Lee suggested several proposals for reforming the system, including increasing the age when civil servants can begin receiving monthly pension payments.    [SOURCE]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.