‘Pension reform goes on’

The China Post
Date: September 5, 2016
By: The China Post news staff with CNA

TAIPEI, Taiwan — President Tsai Ing-wen vowed to continue with pension reform on Sunday, following

President Tsai Ing-wen addresses participants at a youth forum in Taipei, Sunday, Sept. 4. Responding to massive demonstrations in the capital on Saturday criticizing her reform measures, the president said that while people have the right to protest and point out problems in public policies, it was more important for them to communicate with the government. (CNA)

President Tsai Ing-wen addresses participants at a youth forum in Taipei, Sunday, Sept. 4. Responding to massive demonstrations in the capital on Saturday criticizing her reform measures, the president said that while people have the right to protest and point out problems in public policies, it was more important for them to communicate with the government. (CNA)

massive protests by public sector workers criticizing her administration’s proposed pension reforms on Armed Forces Day.

Tsai said that while people had the right to protest and point out problems in public policies, it was more important for them to bring their concerns to the government.

“If people bring concerns to the government and I didn’t get wind of them, they could raise their voices on the second or third attempt or pound their fists on a table,” she said, saying she would certainly get word of their demands that way.

There was no need for people to take their demands to the streets so frequently, Tsai said.

The president said the government aimed to establish a sustainable pension system to ensure that retirees could be financially comfortable and have a good standard of living.

“This road to reform will continue steadily forward,” said the president. “Each individual should put some thought into other people, and our society will be more cohesive. The sacrifice of this generation is to ensure that future Taiwanese will be able to live with guarantees.”

To protect citizens’ rights to retirement pensions and make retirees less reliant on their children for care, Tsai said the government will continue with the reform process.

The government’s reforms are to take place under four principles: ensuring that seniors have a basic livelihood, a scientific approach to an adjustment of monthly pension rates with respect to wages, the sustainability of pension funds, including acceptable returns on investment, and a reform process that is centered on democratic and transparent principles.     [FULL  TORY]

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