President Tsai Ing-wen (???) on Wednesday reiterated the government's commitment to reform of the country's retirement pension system.
Although there are difficulties involved in implementing pension system reform, "it's the things we don't do that we will regret," Tsai said, after receiving a report from Vice President Chen Chien-jen (???), head of the national pension reform committee.
The main goal of the reform plan is to protect the rights of citizens to retirement pensions, regardless of their occupation, Tsai said.
In his report, Chen said the government is aiming to establish a sustainable pension system to ensure that retirees can be financially comfortable, have a good standard of living, and be less reliant on their children for care.
The pension reform plan extends to all occupations, Chen said after chairing a meeting of the pension reform committee earlier in the day.
Since its establishment under the Cabinet, the pension reform committee has held 10 meetings during which it has been briefed by various government agencies on 13 different pension systems in effect at the moment, Chen said.
He said the briefings revealed that the average monthly pension payment for military personnel was NT$49,379 (US$1,554), for employees covered by labor insurance NT$16,179, for civil servants NT$56,383, for public school teachers NT$68,025, for private school teachers NT$17,223, for farmers NT$7,256, and for workers covered by general public insurance NT$3,628.
Source: Focus Taiwan