Taiwan new pension plan delayed

The government will have to make a tough choice on how the new retirement scheme is to be funded.

Taiwan will not have a new national pension system in place by 1 January next year as planned, said Premier Tang Fei yesterday Sunday.

Speaking after a two-day conference on national financial policy issues over the weekend, the premier revealed the government was still trying to determine a suitable model for the proposed retirement scheme. The major sticking point among officials is over how the pension benefits will be funded.

Called National Annuity Plan, the new national pension...

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