Newspaper article China Post

Lawmakers Review 'Double-Dip' Pension Payouts for Retired Officials in Work

Newspaper article China Post

Lawmakers Review 'Double-Dip' Pension Payouts for Retired Officials in Work

Article excerpt

(ProQuest: [...] denotes non-USASCII text omitted)

The Legislative Yuan on Thursday passed a preliminary review of a bill that would bar retired civil servants from receiving full pay from new employers on top of their monthly pensions.

Former officials would be prohibited from "double dipping" if they serve another term or take up a job in another government agency, a state-run company (with government investments accounting for 20 percent of its capital) or foundation.

If they do take up such roles and the new employers pay them more than the minimum wage (NT$28,000), they cannot claim any monthly pensions or preferential interest rates, if the amendments to the Act Governing the Recompense for the Discharge of Special Political Appointees ([. …

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