Date: May 09, 2017
By: Abraham Gerber / Staff reporter
Money saved from getting rid of preferential savings rate accounts for retired public
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]