Thu, Oct 25, 2012 - Page 3 News List

Ma touts Chen’s ‘wise’ budget proposal

BONE OF CONTENTION:While the Cabinet has promoted a scaled down year-end- bonus program, the DPP has called for it to be scrapped entirely, saying it is not legal

By Mo Yan-chih and Chris Wang  /  Staff reporters

In light of recent controversies about the year-end bonus and the financial difficulty of various pension programs, including pension programs for labor, civil servants, education workers, farmers and military personnel, which could all face bankruptcy in less than 15 years, Lin said the DPP planned to re-examine those programs and find a solution.

A panel consisting of researchers of the DPP’s think tank and professionals from all levels of the public would be established to conduct a complete review of current pension programs, as well as social insurance programs, and present its recommendation, Lin said, adding the panel would be convened by Lin Wan-i (林萬億), executive director of the DPP’s thinktank.

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