President Tsai lauds success in pushing pension reforms

Focus Taiwan
Date: 2017/06/30
By: Sophia Yeh, Hsieh Chia-chen and Elizabeth Hsu

Taipei, June 30 (CNA) President Tsai Ing-wen (蔡英文) on Friday hailed the completion of pension

President Tsai Ing-wen (蔡英文, left)

reforms involving civil servants, public school teachers and political appointees, saying the achievement proved that such reforms are not a “minefield” for the government or “a taboo that cannot be touched.”

Tsai lauded passage of the deep cuts in retirement benefits during a speech at the Presidential Office after an amendment to the Act Governing the Recompense for the Discharge of Special Political Appointees cleared the Legislature earlier Friday.

The legislation, along with two other bills covering the retirement benefits, pensions and severance of civil servants and public school teachers in the past three days, represented major steps forward in making the pension systems for the two groups of public employees more sustainable.

“Finally, pension bankruptcy is no longer an urgent crisis to Taiwan,” Tsai said in the speech, even if the one pension system that was truly on the verge of bankruptcy, that of the military, was not addressed by the government in this week’s legislation.    [FULL  STORY]

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