Teachers’ union wants changes made to Executive Yuan’s pension reforms

Taipei Times
Date: May 09, 2017
By: Abraham Gerber / Staff reporter

Money saved from getting rid of preferential savings rate accounts for retired public

Minister of Education Pan Wen-chung, second left, yesterday attends a meeting of the Judiciary and Organic Laws and Statutes Committee at the Legislative Yuan in Taipei that was reviewing draft amendments on civil servants’ pension reform. Photo: Chu Pei-hsiung, Taipei Times

employees should be plowed back into the nation’s pension funds, a teachers’ union said yesterday as the Legislative Yuan began review of bills on reforming teachers’ pension.

“There is only one criterion as we look at reform — whether or not any money that is saved is entirely plowed into the pensions funds,” National Federation of Teachers Unions deputy secretary-general Lo Te-shui (羅德水) said.

While the Executive Yuan’s reform proposal includes the critical provision, some versions proposed by Democratic Progressive Party legislators do not.

A committee review of pension reform for civil servants last week struck out a similar provision from the government-sponsored bill, he added.    [FULL  STORY]

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