ALTERNATE PLAN:The party proposes lowering income replacement from 80-90% to 60-70% and a retirement age of 65, in line with private-sector retirees
By Chris Wang / Staff reporter
The Democratic Progressive Party (DPP) yesterday unveiled its pension reform proposal with a focus on lowering retirement payments to civil servants, public school teachers and military personnel, as the administration of President Ma Ying-jeou (馬英九) announced its own proposal on the same day.
Highlighting social solidarity, the DPP proposal aims to bridge the gaps between various social groups and make pension programs sustainable for future generations while benefiting employers and employees, DPP Chairman Su Tseng-chang (蘇貞昌) told a press conference.