The majority Democratic Progressive Party (DPP) hopes to complete the passage of three bills governing pensions for civil servants, teachers and political appointees by next Tuesday. That's the word from DPP legislative caucus whip Lee Chun-yi on Friday.
The legislature is holding an extraordinary session to review the controversial bills that are part of President Tsai Ing-wen's pension reform plan. Tsai's DPP government holds the majority in the legislature.
Ruling and opposition lawmakers reached an agreement Thursday on offering retired civil servants a minimum monthly payout of NT$32,160 or about US$1,000. On Friday, they also agreed that beginning in 2026, civil servants will have to wait until they reach 65 to collect the payout.
However, there have been differing views over the income replacement ratio. The Pension Reform Committee under the Presidential Office wants to cut the ratio from 75% to 60% over 15 years. But the DPP wants a shorter time frame of 10 years.
Source: Radio Taiwan International