Date: March 29, 2016
Pension reform, long-term care, high housing prices and taxation equity are the biggest
policymaking challenges facing Taiwan’s incoming government, according to a recent poll conducted by Taipei City-based newspaper United Daily News.
The results reflect high public expectations of ROC President-elect Tsai Ing-wen and her Democratic Progressive Party administration after taking office May 20. The DPP chairwoman’s campaign platform centered on distributive justice, among other policy priorities.
Taiwan’s pension crisis is an intergenerational concern and tops the list of concerns for those aged 20-29 and 30-49, the telephone poll involving 1,019 adults found.
The country’s four state-backed systems face serious challenges including insufficient funding, differing benefits for retirees and an unduly heavy contributor burden on future generations. ROC National Audit Office data forecast the systems face bankruptcy beginning 2019 if no action is taken. [FULL STORY]