MAKING ENDS MEET:The KMT said it is struggling to meet personnel and operational expenses after its funds were frozen as part of an investigation into its ill-gotten assets

Taipei Times
Date: Sep 24, 2016
By: Shih Hsiao-kuang and William Hetherington / Staff reporter, with staff writer

The Chinese Nationalist Party (KMT) has been forced to reinstate benefits that it was withholding since July after workers threatened legal action.

The KMT recently started paying pensions to retirees and the 18 percent preferential interest rate it pays on current employees’ retirement savings accounts.

According to party members, the KMT stopped paying the benefits in July and also canceled bonuses this year, which would normally be paid out at the end of last month amounting to one to two months’ salary.

The KMT said it is struggling to meet personnel and operational expenditures, as its funds have been frozen as part of the government’s ongoing investigations into ill-gotten party assets.     [FULL  STORY