government support for retired personnel 結果共1筆

Taiwan’s Executive Yuan spokesman, Lin Tzu-lun, announced that the Consumer Price Index (CPI) rose by 2.71% in December 2023. Due to the CPI surpassing the legal threshold for two consecutive years, the government supports increasing stipends for retired military, civil, and education personnel by at least 4%. Fixed pension benefits for these individuals will be adjusted to account for inflation. The Executive Yuan has allocated NT$4.4 billion in the 2024 central government budget as a reserve fund for price fluctuations. The necessary adjustment mechanisms have been initiated, with a specialized assessment panel deliberating on the rate adjustment. The government aims to complete the related processes and backtrace the adjustments to January 1, 2024, to ensure the living standards of retired personnel.