pension reform 結果共2筆

As Taiwan’s elections approach, voter concerns over low wages and the Labor Insurance Fund’s bankruptcy are at the forefront. Labor groups criticize major parties for inadequate labor reforms, with a focus on enhancing labor rights and wages.

The labor minister of Taiwan, Hsu Ming-chun, has assured the public that the government-backed labor insurance will not face bankruptcy. Hsu emphasized that the government will continue to allocate supplementary funds to prevent this outcome. Concerns had arisen due to the growing imbalance between the number of pension recipients and payees, with predictions of bankruptcy by 2028. However, Hsu pointed out that the government has been providing supplementary pension funds for the past four years and assured that this plan will be maintained. She also stated that the government’s supplementary labor insurance provisions are considered part of administrative expenditures. While there are currently no provisions in place for additional government funds, Hsu suggested that it could be implemented if approved.