President says pension reform is to ensure Taiwan has a future
Jan 15, 2017MedicalComments Off on President says pension reform is to ensure Taiwan has a future
President Tsai Ing-wen says that her administration is working on pension reform in order to ensure the nation's pension system does not go bankrupt. Her comments came during a stopover in San Francisco on Saturday, local time, on her way back to Taiwan.
Tsai is expected in Taiwan on Sunday night after completing a four-country trip to allied nations in Central America. A presidential office press release said that Tsai had attended an 800-guest luncheon for overseas compatriots in San Francisco on Saturday, local time.
In a speech at the banquet, Tsai said that some members of the public had been unhappy with her performance during her seven months in office. But she said that her administration is trying to solve some long-term concerns including issues like economic transformation, pension reform, and judicial reform. Tsai said that there was much more work to be done.
The president said that the goal was to create a foundation for future generations, and that required convincing the public to make sacrifices. She said that it was necessary to make guarantees to the people whose benefits could be affected. It's thought that the people who will be affected by pension reforms include retired civil servants, teachers, and members of the military.