The government is seeking to raise the minimum monthly pension payment from NT$4,049 to NT$5,000 and boost six other major welfare subsidies, including allowances for older farmers and disadvantaged groups, Minister of Health and Welfare Shih Chung-liang (石崇良) said today.
The new policy could be implemented as soon as the Legislative Yuan passes an amendment to the National Pension Act (國民年金法), while the six other major subsidies would be raised by 23.5 percent through executive orders, he said.
Under an amendment proposed by the Executive Yuan in January, the minimum monthly pension payment would increase from NT$4,049 to NT$5,000. The amendment is under review in the legislature. If passed, homemakers would be eligible to receive at least NT$5,000 per month in pension payments after turning 65.
Photo: Tyrone Siu, Reuters
Earlier in January, the Executive Yuan also proposed amendments to the Provisional Act Governing the Welfare Allowance for Older Farmers (老年農民福利津貼暫行條例) that would raise subsidies for older farmers from NT$8,110 to NT$10,000 per month.
The amendments are also under review in the legislature.
Increasing monthly pension payments and monthly allowances for older farmers would involve legislative amendments, while the other subsidies could be raised by issuing executive orders, Shih told reporters before a legislative meeting today.
The amendment to increase monthly pension payments has already been reviewed by legislative committees, he said, adding that he hopes it will pass a second and third reading during this legislative session.
Asked if the proposed increase in pension payments and the government’s proposed subsidies for people aged 18 and younger could crowd out other social welfare spending, Shih said that the Executive Yuan would soon provide a broader explanation of its declining birthrate policy package.
The government has announced plans to provide a monthly allowance of NT$5,000 for every child under the age of 18 in a bid to address Taiwan’s low birthrate.
Shih’s remarks came after President William Lai (賴清德) on Sunday said that subsidies for six disadvantaged groups would be increased, including the monthly allowances for older farmers, homemakers and low-income households, as well as education subsidies, disability living allowances and support for disadvantaged children and teenagers.
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