Taiwan must reduce pensions spending

clock •

TAIWAN - Reform of the Taiwanese pension system for public employees must focus on reducing the NT$8trn (US$245.4bn) sum the government will be forced to spend on pensions in the coming years, said Lu Ming-tai, director of the department for retirement and survivor relief at the ministry of civil service.

In an article, Ming-tai said that according to ministry estimates, in the next 30 to 50 years, the Taiwanese government will have to spend a total of NT$8trn on civil service pensions. “This is a h...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Taiwan

Taiwan

BNPP IP expands into Taiwan with joint venture

TAIWAN - BNP Paribas Investment Partners will strengthen its asset management presence in Asia with a new joint venture in Taiwan.

Alison Swersky
clock 22 January 2010 •
Taiwan

Pioneer expands Asian focus

TAIWAN - Pioneer Investments has deepened its Asian focus and opened an office in Taipei, Taiwan.

Angele Spiteri Paris
clock 23 October 2006 •
Taiwan

Taiwan urged to relax pension restrictions

Taiwan - The Taiwanese government should relax restrictions on pension funds and offer more incentives to cope with rising demand from an ageing society for secure retirement options, local experts suggested.

Archive Archive
clock 10 April 2006 •
Trustpilot