Taiwan Cabinet Weighs 4% Pay, 6% Pension Hike for 550,000 Public Workers
Updated
Updated · 台北時報 · Aug 6
Taiwan Cabinet Weighs 4% Pay, 6% Pension Hike for 550,000 Public Workers
1 articles · Updated · 台北時報 · Aug 6
Summary
Taiwan’s Cabinet is preparing to fold a 4% salary increase and 6% monthly pension allowance rise into next year’s budget, with formal approval expected on Aug. 20.
More than 550,000 civil servants, teachers and military personnel would benefit after CPI rose over 5% since the last 2024 adjustment, triggering a legally required review.
NT$11.4 billion in added pension spending is projected under the proposal, including NT$7.4 billion for the central government and NT$4 billion for local governments.
Officials said pay is set to rise less than pensions because separate rank- and expertise-based bonuses are also planned, lifting rank-and-file compensation by 5.88% to 9.98% and supervisory pay by 11.56%.
The recommendation was based on Taiwan’s economic conditions, fiscal capacity and the Public Service Pension Fund’s reserve ratio, tying the package to broader budget sustainability.