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Civilian Assault Team / Taipei Report January 5, 2015
The retirement benefits for Taiwan's military personnel, civil servants, and public-school teachers are nothing short of a global marvel. Chia-hsin Financial Media Group Chairman Hsieh Chin-ho recently posted on Facebook, sharing that a heavyweight figure in the music industry told him five retired elders in his family collectively receive a monthly income of NT$740,000 without working. "Every month, they collect money until their hands go soft!" This left Hsieh speechless, lamenting that it's no wonder the "collapsed generation" is furious.
The debate over pension reform has dragged on for years. On January 2, Hsieh wrote on Facebook that the music figure's father, a retired major general in his 90s, receives a monthly pension of NT$170,000 to NT$180,000. His mother, a retired teacher in her 80s, earns over NT$100,000 monthly. His brother and sister-in-law, both retired judges, together bring in more than NT$300,000 a month. Meanwhile, his sister, a senior civil servant, receives a monthly pension exceeding NT$100,000.
Hsieh relayed the heavyweight figure's concern: "No wonder the government is being eaten alive." With five family members not working yet earning over NT$700,000 a month, they literally "collect money until their hands go soft." The music figure humbly admitted that while he doesn’t understand economics, he is "very pessimistic about Taiwan's economic prospects."
After hearing this firsthand account, Hsieh admitted he was at a loss for words. He believes this is a major issue that Taiwan’s 23 million people must confront. "Those who don’t work are receiving far more money than those who do," effectively draining the resources of future generations. No wonder the collapsed generation is outraged. He urged the government to finally tackle the thorny issue of pension reform.
Source: http://www. ettoday. net/ news/ 20150105/ 447042. htm#ixzz3O0dHiH4k
Retired Military and Civil Servants' Family of 5 Earns NT$740K Monthly – Music Mogul: "Money Flows Endlessly"
The retirement benefits for Taiwan's military personnel, civil servants, and public-school teachers are nothing short of a global marvel. Chia-hsin Financial Media Group Chairman Hsieh Chin-ho recently posted on Facebook, sharing that a heavyweight figure in the music industry told him five retired elders in his family collectively receive a monthly income of NT$740,000 without working. "Every month, they collect money until their hands go soft!" This left Hsieh speechless, lamenting that it's no wonder the "collapsed generation" is furious.
The debate over pension reform has dragged on for years. On January 2, Hsieh wrote on Facebook that the music figure's father, a retired major general in his 90s, receives a monthly pension of NT$170,000 to NT$180,000. His mother, a retired teacher in her 80s, earns over NT$100,000 monthly. His brother and sister-in-law, both retired judges, together bring in more than NT$300,000 a month. Meanwhile, his sister, a senior civil servant, receives a monthly pension exceeding NT$100,000.
Hsieh relayed the heavyweight figure's concern: "No wonder the government is being eaten alive." With five family members not working yet earning over NT$700,000 a month, they literally "collect money until their hands go soft." The music figure humbly admitted that while he doesn’t understand economics, he is "very pessimistic about Taiwan's economic prospects."
After hearing this firsthand account, Hsieh admitted he was at a loss for words. He believes this is a major issue that Taiwan’s 23 million people must confront. "Those who don’t work are receiving far more money than those who do," effectively draining the resources of future generations. No wonder the collapsed generation is outraged. He urged the government to finally tackle the thorny issue of pension reform.
Source: http://www. ettoday. net/ news/ 20150105/ 447042. htm#ixzz3O0dHiH4k