INVERSE PYRAMID:Statistics show that the 260,000 retirees with benefits of more than NT$40,000 account for more than double the spending on any other bracket
Taipei Times
Date: Sep 06, 2016
By: Abraham Gerber / Staff reporter
National pension reform should consolidate different pension funds while guaranteeing minimum living
Social Democratic Party policy committee convener Fan Yun, front second left, raises her fist together with fellow party members at a news conference on pension reform in Taipei yesterday. Photo: Chien Jung-fong, Taipei Times
expenses and putting a ceiling on payouts, the Social Democratic Party (SDP) said yesterday, announcing its pension reform plans as a national debate continues.
“It is time to stop the war of words, because we all have our ‘saliva’ on the subject. Anyone who is serious about supporting reform should put forth their plan,” SDP policy committee convener Fan Yun (范雲) said.
Fan criticized the organizers of Saturday’s protest by retired public-school teachers, civil servants and military personnel for stating that they support pension reform, while focusing on the “non-issue” of “dignity” instead of outlining specific proposals.
“The problem with pensions is that the difference across occupations is too huge, which is what creates hostility. Pension funds are going bankrupt because they are tied too closely to salaries rather than providing a minimum guarantee for retirees,” she said. [FULL STORY]
