The China Post
Date: January 20, 2017
By: Stephanie Chao
Vice President Chen Chien-jen announced the government’s pension reform plans
Vice President Chen Chien-jen, center, details the pension reform committee’s plan to overhaul Taiwan’s pension systems, at the Presidential Office on Thursday, Jan. 19. (Stephanie Chao, The China Post)
Thursday ahead of Sunday’s national conference on the issue, with a proposal to phase out a controversial 18 percent preferential savings rate grabbing the most attention.
The reform will save multiple pension systems from bankruptcy for at least a generation, Chen said at a press conference announcing the measures.
Insolvency of the civil servant pension fund will be pushed back to 2044, while those for teachers and laborers will be funded until 2043 and 2036, respectively, he said.
The proposals will be on the table for discussion Sunday during the national conference on pension reform at the Presidential Office. [FULL STORY]
