Nearly 70% Taiwanese worried about losing pensions

2017/02/16 14:16:32
(CNA file photo)

(CNA file photo)

Taipei, Feb. 16 (CNA) Nearly 70 percent of people in Taiwan have expressed concern that they or their children might not be able to receive a pension if the country's various pension systems go bankrupt, according to a poll released by the Taiwan Thinktank Thursday.

According to the poll on the government's proposed pension reforms, 69.2 percent of the respondents said they are worried that they or their children could find themselves unable to get a pension in the future, with the 20-to-49 age group having the highest rate among those who had the same opinion.

It also shows that 67 percent of those polled expressed support for pension reforms.

Moreover, while 66.3 percent said it is unfair that retired military personnel, civil servants and public school teachers receive generous pension payments compared with workers in the manufacturing sector, about 50 percent of retired military personnel, civil servants and public school teachers disagreed with this view.

New Power Party Legislator Hsu Yung-ming (徐永明) said that most respondents, whether in the military or public sectors, are worried that the nation's various pension systems are likely to go bankrupt within a few decades, which will make them unable to receive pension payments in the future.

Therefore, pension reforms should go ahead, Hsu added.

The poll shows that 77.1 percent of those polled support the idea that the government should narrow the gap between the pension payments to retired military personnel, civil servants and public school teachers and those to workers in the manufacturing sector.

It also found that 75.5 percent favor that the controversial 18 percent preferential interest rate on savings given to military personnel, civil servants and public school teachers who started working before 1995 should be scrapped within six years.

However, 45.8 percent said the reform process of canceling the 18 percent preferential interest rate within six years is appropriate, while 31.7 percent said it is too slow, 12.2 percent said it is too fast, 1.2 percent said there is no need for reform, and 9.1 percent expressed no opinion.

Meanwhile, 49.1 percent said the principle of non-retroactivity should be applied to pension reforms, while 35.1 percent had the opposite opinion, 0.5 percent thought there is no reform needed, and 15.3 percent did not answer the question.

The telephone-based poll was conducted Feb. 13-14 by Trend Survey & Research Co. for the Taiwan Thinktank.

It collected 1,075 valid samples among Taiwanese aged 20 or above and had a margin of error of 3 percentage points.

(By Sophia Yeh and Evelyn Kao)
ENDITEM/J


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