Just over 78% of the respondents said they can live on less than NT$30,000 after retirement while military and civil service retirees said they need at least NT$43,000 per month. An average of 66.2% of people in Taiwan are worried about retirement, with 74.5% of white collar workers and 80% of students being the two most anxious groups.
Regarding the plan to reform Taiwan’s underfinanced pension system, 67% of those polled said they have no confidence in the program, while 18.2% expressed a positive attitude toward it. Around 60% of the respondents said the government will not be able to solve problems with the pension system, such as insufficient funding and unequal distribution of benefits, but 18.9% said the reform will be successful. Almost 73% said the government should hold a national affairs conference to discuss the pension issue. Meanwhile, over 70% expressed worry that Taiwan will follow in Greece’s footsteps and become a debt-ridden country.
The survey, which was conducted November 21-23, collected 1,072 valid responses by people over the age of 20. It had a margin of error of 3 percentage points and a confidence level of 95%.
According to the survey of Taiwan Thinktank group on monthly pension, the majority of Taiwanese workers hope to retire at an average age of 58.5 and need at least NT$28,000 (US$960) per month to live on after retirement, the results of a survey showed Sunday.
