Minimum pension bill passes reading

‘REGRETTABLE’:A proposal by the NPP to set the minimum pension at the median disposable income of NT$22,208 per month was supported only by the NPP caucus

Taipei Times
Date: Jun 23, 2017
By: Sean Lin / Staff reporter

A motion by the Democratic Progressive Party (DPP) to set the minimum monthly pension for retired

Chinese Nationalist Party (KMT) lawmakers yesterday hold up placards in support of a milder approach to pension reform. Photo: Liu Hsin-de, Taipei Times

civil servants, including public-school teachers, at NT$32,160 (US$1,056) passed its second reading yesterday.

Lowest-level civil servants would be paid the minimum pension, according to a goal set by the DPP administration to gradually decrease civil servants’ and public-school teachers’ average income replacement ratio from 75 percent to 60 percent over 15 years.

A draft proposed by KMT Legislator Alisha Wang (王育敏) that seeks to set the minimum pension at NT$36,155 — a figure determined after factoring in bonuses some basic civil servants receive — was defeated after 67 of the 97 legislators present voted against it.    [FULL  STORY]

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