Retired Taiwan public servants protest proposed pension reform

Feng Xue
By Feng Xue
March 29, 2017Worldshare

A proposed pension reform by Taiwan’s President Tsai Ing-wen has angered retired public servants on the island.

Around a thousand people held a protest on March 29 against the pension reform. The protesters blocked off Taipei’s main intersection and briefly clashed with police.

Most of the protesters were former policemen and firemen, though the proposed reform is expected to cover several government institutions.

Pension reform is critical for Taiwan as large payouts are no longer sustainable for the export-reliant economy. Contributions are restricted by slower economic growth and a rapidly aging population.

Many retired public servants say the reform will ruin their retirement plans.

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