Taiwan raises legal labor retirement age to 61 next year
Taiwan News
Date: 2017/05/06
By: Judy Lin, Taiwan News, Staff Writer
TAIPEI (Taiwan News)—The age of eligibility for receiving government pensions for
Laborers protesting for pension rights on Labor Day.(By Central News Agency)
workers born after the year of 1957 will be pushed back to 61 next year, due to changes in Taiwan’s Labor Insurance Act that will become effective in 2018.
The amendments made to the act push back retirement age for workers born in 1958 to 61, while those born in 1959 will have to wait till they turn 62.
Due to Taiwan’s escalating aging population, the amendments made to the act raise the age for retirement by one year in the first 10 years and then increase by one year biennially. [FULL STORY]
