Sun, Jun 20, 2004 - Page 8 News List

Pensions only reduceemployees' real income

By Chang Ming-chung 張明宗

The system with individual pension accounts also helps eliminate false impressions: It makes it easier to see that pensions are deducted from regular wages. Looking at the pension system from a more rational angle will bring a ray of light by ending the aimless journey that began with the Labor Standards Law.

Chang Ming-chung is a professor of economics at National Central University.

Translated by Perry Svensson

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