A Study of the Influence of the National Pension Developmentn Government’s Financial Burden in Taiwan
Date Issued
2009
Date
2009
Author(s)
Lin, Hsu-Ting
Abstract
This research aims at exploring the influence of National Pension on government’s financial burden. In order to achieve the objective mentioned above, this research built the model based on relevant theory regarding social insurance and population datum estimated by Council for Economic Planning and Development. According to the conclusion after analyzing on the model, this study raises a few findings and recommendations as follows:. Findings:1)With the coming of aging society, labouring population proportion has been reduced which not only brings macroeconomic development adverse effects but also reduces government tax income. In addition, the burden of social welfare expenditure has become heavier as well.2)Current national pension system infringes the “majority rule” and “compulsion principle” of social insurance. Furthermore, it shows that government welfare resources distribution doesn’t conform to social justice principles on account of current social insurance set up multi criteria for subsidy by different occupations.3)Social insurance premium rates set mostly under political considerations and are usually lower than what they cost in fact, which results in government bearing the loss and influencing the operation of national pension insurance.4)After launching national pension system, government’s financial burden will reduce approximately 804.4 billion NT dollars from 2009 to 2056. On the contrary, due to peasant insurance was separated from national pension, government’s financial burden will increase approximately 1 trillion and 874 billion NT dollars from 2009 to 2056.. Recommendations:1)As population is aging fast in Taiwan, government has to institute programs in order to cope with this trend, such as raising fertility rates, delaying the retirement age of employees, offering older workers employment assistance, and providing incentives for employers to hire older workers(for example: wages subsidy). Through those policies, sufficient and quality labouring population can be ensured and the elder dependency ratio can be improved. 2)Open participants who have joined government employees and education personnel insurance, military personnel insurance and labors insurance to participate in national pension insurance freely. Moreover, government should evaluate the possibility of integrating above-mentioned insurances into one.3)In order to ensure social insurance system can operate smoothly and avoid bearing heavier burden, government should educate people to recognize personal responsibility and emphasize family ethics.4)To establish the premium adjustment system for national pension and prevent the fore-named system from politic interference.
Subjects
national pension
pension insurance
social insurance
trends and structure in population
government’s financial burden
SDGs
Type
thesis
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