President Ma Ying-jeou (馬英九) yesterday said the nation’s loss-plagued pension funds could not and would not go bankrupt, as he pledged to come up with a pragmatic, feasible reform program in January amid complaints by opposition parties about his approach to resolving the problems.
After meeting with Premier Sean Chen (陳冲), Legislative Speaker Wang Jin-pyng (王金平) and Examination Yuan President John Kuan (關中) on the thorny issue, Ma said at a press conference that his administration would tackle the matter in a responsible and cautious manner because many people have a stake in the sustainability of the pension system.
“We’ll address the issue in a transparent and gradual way, with a clear goal, after extensive communications with various social sectors,” Ma said.
Photo: Liu Hsin-de, Taipei Times
He said the major problems with the pension system were insufficient funding and unequal distribution of benefits among different professions and different generations.
An overhaul of the system is necessary and urgent, he said.
“The work may be tough and complex, but we can no longer drag our feet because the flawed system could hurt our fiscal health and affect the well-being of public and private-sector employees, and even society as a whole,” Ma said.
In the meeting between the heads of the three branches of government, decisions were made about the division of responsibilities on pension fund reforms and a timeframe for the overhaul, Ma said.
The Democratic Progressive Party (DPP) accused Ma of enacting “pseudo reform” of various pension programs and criticized his refusal to hold a national affairs conference to resolve the issue.
DPP Chairman Su Tseng-chang (蘇貞昌) reiterated his call for a national affairs conference, which Ma previously turned down, saying that Ma’s plan would be difficult, time-consuming and inefficient.
Ma also omitted mentioning the 18 percent preferential interest rate and the year-end bonuses for retired public servants in his meeting, which made his pledge a “pseudo reform,” DPP Legislator Pan Men-an (潘孟安) told a press conference.
The exclusion of the preferential interest rate and the year-end bonuses would likely create more social instability and conflict between different generations, occupations and social groups, Pan said.
The DPP had reiterated its call for a national affairs conference because it would gather together people from all parts of society for comprehensive discussion on the fiscal problems the country is facing so that Taiwanese could comprehensively deal with their own “fiscal cliff,” Pan said.
In Greater Tainan, former DPP chairperson Tsai Ing-wen (蔡英文) also called on Ma to convene a national affairs conference, adding that Ma’s excuse for refusing to hold one was unacceptable.
Former president Lee Teng-hui (李登輝) called a national affairs conference in 1990 because the legislature was not functioning well and the present situation is very similar to that time, Tsai said, because both the administrative and legislative branches of government have failed to meet challenges and solve problems.
“We need to achieve a consensus on reform now more than ever through a collaboration of all forms of social power, as well as mitigating a potential conflict of interest during the reform process by holding a national affairs conference,” Tsai said.
ENDEAVOR MANTA: The ship is programmed to automatically return to its designated home port and would self-destruct if seized by another party The Endeavor Manta, Taiwan’s first military-specification uncrewed surface vehicle (USV) tailor-made to operate in the Taiwan Strait in a bid to bolster the nation’s asymmetric combat capabilities made its first appearance at Kaohsiung’s Singda Harbor yesterday. Taking inspiration from Ukraine’s navy, which is using USVs to force Russia’s Black Sea fleet to take shelter within its own ports, CSBC Taiwan (台灣國際造船) established a research and development unit on USVs last year, CSBC chairman Huang Cheng-hung (黃正弘) said. With the exception of the satellite guidance system and the outboard motors — which were purchased from foreign companies that were not affiliated with Chinese-funded
PERMIT REVOKED: The influencer at a news conference said the National Immigration Agency was infringing on human rights and persecuting Chinese spouses Chinese influencer “Yaya in Taiwan” (亞亞在台灣) yesterday evening voluntarily left Taiwan, despite saying yesterday morning that she had “no intention” of leaving after her residence permit was revoked over her comments on Taiwan being “unified” with China by military force. The Ministry of the Interior yesterday had said that it could forcibly deport the influencer at midnight, but was considering taking a more flexible approach and beginning procedures this morning. The influencer, whose given name is Liu Zhenya (劉振亞), departed on a 8:45pm flight from Taipei International Airport (Songshan airport) to Fuzhou, China. Liu held a news conference at the airport at 7pm,
Taiwan was ranked the fourth-safest country in the world with a score of 82.9, trailing only Andorra, the United Arab Emirates and Qatar in Numbeo’s Safety Index by Country report. Taiwan’s score improved by 0.1 points compared with last year’s mid-year report, which had Taiwan fourth with a score of 82.8. However, both scores were lower than in last year’s first review, when Taiwan scored 83.3, and are a long way from when Taiwan was named the second-safest country in the world in 2021, scoring 84.8. Taiwan ranked higher than Singapore in ninth with a score of 77.4 and Japan in 10th with
GRIDLOCK: The National Fire Agency’s Special Search and Rescue team is on standby to travel to the countries to help out with the rescue effort A powerful earthquake rocked Myanmar and neighboring Thailand yesterday, killing at least three people in Bangkok and burying dozens when a high-rise building under construction collapsed. Footage shared on social media from Myanmar’s second-largest city showed widespread destruction, raising fears that many were trapped under the rubble or killed. The magnitude 7.7 earthquake, with an epicenter near Mandalay in Myanmar, struck at midday and was followed by a strong magnitude 6.4 aftershock. The extent of death, injury and destruction — especially in Myanmar, which is embroiled in a civil war and where information is tightly controlled at the best of times —
RSS