Retirement System Reform of Taiwan Civil Service
Date Issued
2015
Date
2015
Author(s)
Liu, Yung-Hui
Abstract
OECD countries have been implementing public pension reform in recent decades in response to the aging society and huge financial burden. The reform measures include the following aspects: 1. Raising pensionable age. 2. Transforming pension system from Defined Benefit Plan to Defined Contribution Plan gradually. 3. Stabilizing financial mechanism of pension system. 4. Establishing multi-layer retirement system. 5. Reducing the income replacement rate. 6. Raising pension system coverage in both mandatory and voluntary schemes. 7. Improving the adequacy of retirement incomes. After analyzing the experiences of OECD countries and the public pension reform bill of 2013 presented to the Legislative Yuan by Examination Yuan in Taiwan, this study points out problems need to be further examined and improved that related to the bill. This study suggests the following reform strategies and many policy changes that conform to the international trend: 1.The government should have a comprehensive pension reform plan to carry out near term to long term reform policies. 2.The pension reform plan should cover personnel of military, civil service and teaching sectors and should be implemented at the same time.
Subjects
civil service
retirement system
ageing society
pension system, pension reform
OECD
Taiwan, Republic of China
Type
thesis
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