The Legislative Yuan’s bill on pension reform, passed on Tuesday, violates legal procedures and would be hard to implement, Premier Cho Jung-tai (卓榮泰) said on Facebook on Tuesday evening.
The legislature passed an amendment to the Police Personnel Management Act (警察人員人事條例) stipulating that the pension for police and firefighters as well as coast guard, immigration and air corps personnel would be based on the retiree’s years of service.
Those who have served 15 years would have an income replacement ratio of 43.25 percent.
Photo: CNA
Those who have served 36 years would receive the maximum income replacement ratio of 80 percent.
The amendment also stipulates that the new replacement rate would apply to those who retired prior to the amendment’s implementation.
According to Article 91 of the Budget Act (預算法), legislators should seek approval from the Executive Yuan for bills that “largely increase annual expenditures or decrease annual revenues,” Cho said.
However, the legislature failed to fulfill these requirements, passing an amendment that causes a national fiscal gap and increases expenditures without consulting the Executive Yuan, Cho said.
The legislature’s forced amendment of the law violates legal principles and undermines previous negotiations on the central government’s budget, he said.
The Executive Yuan cannot accept this, and the bill would be hard to implement, he added.
According to the Ministry of Civil Service’s calculations, this amendment would cause the retirement fund to be exhausted two years earlier, Cabinet spokeswoman Michelle Lee (李慧芝) said.
It is estimated that over the next 50 years, the combined reduction in fund income and increase in expenditures would amount to more than NT$170 billion (US$5.17 billion), Lee said.
This fiscal gap would need to be covered by the Executive Yuan’s public service budget, meaning that taxpayers would bear this burden, she said.
The Executive Yuan would explore possible constitutional remedies in accordance with powers granted by the Constitution, she added.
Solely raising the replacement rate for police officers’ retirement income violates the constitutional principle of equality, which requires fair treatment of all members under the public service pension system, the Ministry of Civil Service said in a statement on Tuesday.
Police officers and other civil servants, including those in high-risk jobs, are subject to the same pension laws and contribute at the same rates, the ministry said.
Comparisons to the 90 percent ratio for military personnel are inappropriate, it said.
Even with a higher replacement ratio, military personnel’s actual monthly retirement income is lower than that of police officers of equivalent rank due to the military’s maximum service term limits, it said.
Considering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The bank in a report sent to the legislature ahead of today’s meeting said it had commissioned a survey on the public’s preferences. Survey results showed that NT$100 and NT$1,000 banknotes are the most commonly used, while NT$200 and NT$2,000
The Centers for Disease Control (CDC) yesterday reported the first case of a new COVID-19 subvariant — BA.3.2 — in a 10-year-old Singaporean girl who had a fever upon arrival in Taiwan and tested positive for the disease. The girl left Taiwan on March 20 and the case did not have a direct impact on the local community, it said. The WHO added the BA.3.2 strain to its list of Variants Under Monitoring in December last year, but this was the first imported case of the COVID-19 variant in Taiwan, CDC Deputy Director-General Lin Ming-cheng (林明誠) said. The girl arrived in Taiwan on
ANNUAL EVENT: Two massive Pokemon balloons are to be set up in Daan Park, with an event zone operating from 10am to 6pm This year’s Taipei Floral Picnic is to be held at Daan Park today and tomorrow, featuring an exclusive Pokemon Go event, a themed food market, a coffee rave picnic area and stage performances, the Taipei Department of Information and Tourism said yesterday. Two massive Pokemon balloons are to be set up in the park as attractions, with an exclusive event zone operating from 10am to 6pm, it said. Participants who complete designated tasks on-site would have a chance to receive limited-edition souvenirs, it added. People could also try the newly launched game Pokemon Pokopia in the trial area, the department said. Three PokeStops are
South Korea is planning to revise its controversial electronic arrival card, a step Taiwanese officials said prompted them to hold off on planned retaliatory measures, a South Korean media report said yesterday. A Yonhap News Agency report said that the South Korean Ministry of Foreign Affairs is planning to remove the “previous departure place” and “next destination” fields from its e-arrival card system. The plan, reached after interagency consultations, is under review and aims to simplify entry procedures and align the electronic form with the paper version, a South Korean ministry official said. The fields — which appeared only on the electronic form