Discussion and delay dog Taiwan pension plan

Taiwan''s pension system is at a defining moment as major parties try to reach a compromise that will least upset voters.

Taiwan's major political parties are in for more negotiation over what shape the country's new pension system should take following the government's announcement this week that the national retirement plan will be delayed from its scheduled implementation date of 1 July 2001.

The Council of Economic Planning Development CEPD is yet to table a report to a cross-party committee set up to select a model for the National Annuity Plan. Three of the six-member committee are from the ruling Democratic Progressive Party, two from Kuomintang KMT and one from New Party NP. A cross-party recommendation will then be forwarded to the Legislative Yuan for passage.

The CEPD report will include two models for...

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