Taipei Times
Date: Jul 04, 2018
By: Ann Maxon / Staff reporter
More than 10,000 retired public-school teachers in Taipei and New Taipei City are filing for an administrative appeal with the government over the new pension system, which they say is unconstitutional, the National Federation of Education Unions said yesterday.
Under the system, which took effect on Sunday, the pensions of the majority of civil servants, public-school teachers and retired military personnel have been cut, while a preferential 18 percent interest rate on public-sector employees’ savings would be phased out over two to 10 years, depending on the profession.
The Act Governing Retirement, Severance and Bereavement Compensation for the Teaching and Other Staff Members of Public Schools (公立學校教職員退休資遣撫卹條例), passed in June last year, stipulates that a preferential 18 percent interest rate for public-school teachers would be reduced to 9 percent in two years and abolished by 2020, federation director-general Huang Yao-nan (黃耀南) said.
“However, on June 11, many teachers were notified by the government that their preferential 18 percent interest rate would be reduced to zero on July 1. That is entirely different from what the public was made to believe based on the way the Democratic Progressive Party administration described the reform. The government lied,” Huang said.
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