KMT pans actuarial report on pensions

SILENT MINORITY:The voices of the people whose pensions are to be reformed have been absent from the debate, KMT caucus secretary-general Alicia Wang said

Taipei Times
Date: May 03, 2017
By: Alison Hsiao / Staff reporter

The Chinese Nationalist Party (KMT) caucus yesterday criticized the Ministry of Civil Service’s actuarial report on pension reform, saying that it was completed in only four days and questioning its credibility.

Referring to the government’s more than NT$882.4 billion (US$29.35 billion) Forward-looking Infrastructure Development Program, the KMT caucus accused the Democratic Progressive Party (DPP) government of “borrowing money for pork-barreling on the one hand, while rushing to cut the pensions of civil servants, public-school teachers and military personnel in the name of the nation’s financial difficulties on the other.”

“So far, we have only heard the government’s point of view about its pension reform plan; the voices of those being reformed has been absent,” KMT caucus secretary-general Alicia Wang (王育敏) said. “In addition, the actuarial report for pension reform was finished in four days, an incredible speed which has left us no choice but to question its credibility.”

“The report was made public on April 18 without the names of the actuaries involved being printed; the responsibility for authoring the report was put out to tender on April 13, with the bidding process concluding and a contract being signed on that day,” KMT Legislator William Tseng (曾銘宗) said.    [FULL  STORY]

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