RECRUITMENT OBSTACLE: KMT caucus whip Lin Te-fu said that the planned pension system has discouraged people from pursuing employment in the public sector
Taipei Times
Date: Jun 14, 2018
By: Ann Maxon / Staff reporter
Veterans’ group 800 Heroes and other organizations opposed to pension reform
Members of veterans’ group 800 Heroes and their supporters protest outside the Judicial Yuan in Taipei yesterday. Photo: Liao Chen-huei, Taipei Times
yesterday applied to the Council of Grand Justices for a constitutional interpretation on the legality of planned pension cuts for public-school teachers and civil servants following a rally in front of the Judicial Yuan in Taipei.
Under the new pension system, which is scheduled to take effect next month, civil servants and public-school teachers would have to work longer and their pensions would be calculated based on a lower income replacement ratio.
A preferential 18 percent interest rate on their savings would also be reduced to zero by Jan. 1, 2021.
About 300 pensioners and a dozen Chinese Nationalist Party (KMT) lawmakers rallied outside the Judicial Yuan to oppose the pension cuts. [FULL STORY]
