Focus Taiwan
Date: 2016/09/05
By: Sophia Yeh and Kuo Chung-han
Taipei, Sept. 5 (CNA) Taiwan’s Social Democratic Party (SDP) on Monday proposed that the state
Lu Yi-ting (third from right), convener of the Social Democratic Party’s youth committee, explains the party’s three-tier pension reform proposal.
give every citizen 65 years or older NT$12,000 (US$382) a month as part of its three-tier pension reform proposal.
The party, which was founded in 2015 and has no seat in the Legislature, offered its ideas on pension insurance and called on all sectors of society to submit concrete proposals on the thorny issue.
The issue of reforming Taiwan’s pension system has become very controversial after the administration of President Tsai Ing-wen (蔡英文) initiated a process to seek consensus on cutting the pensions of retired military personnel, civil servants and public school teachers to reduce the burden on government coffers.
On Saturday, nearly 150,000 retired and current public sector employees took to the streets of Taipei in a protest against the proposed cuts. [FULL STORY]