Reported about 1 year ago
In order to ensure that pension payments can cope with price changes and inflation, the Executive Yuan announced that when the cumulative growth rate of the Consumer Price Index (CPI) reaches ±5%, the amounts of labor insurance and public servant insurance pensions will be adjusted accordingly. For example, with a monthly pension of 20,000 yuan, an increase of 5.51% would add 1102 yuan, and an increase of 7.59% would add 1518 yuan. Approximately 910,000 retired workers will benefit from this adjustment and receive it directly in their accounts on June 27. This adjustment represents the largest scale hike since the establishment of the labor insurance pension. Additionally, public servant insurance pensions for the years 2014, 2015, 2019, 2020, and 2021 have also been raised, with an average increase of over 1000 yuan per month for about 12,000 retired private school teachers, as well as retired personnel from the Ministry of Finance and state-owned enterprises under the Ministry of Economic Affairs.
Source: YAHOO