Cabinet advances national pension reformsBy Chung Li-hua and Fion Khan / Staff reporter, with staff writer and CNAThe Executive Yuan today approved draft amendments to the National Pension Act (國民年金法), with the government expecting to invest about NT$86 billion (US$2.72 billion) annually and an estimated 1.76 million people set to benefit. The proposed amendments would also relax "wealth exclusion" clauses to ensure fewer people are disqualified due to asset valuations. To ensure benefits better reflect price fluctuations and preserve real purchasing power, adjustments to the basic pension amounts would no longer be limited to reviews every four years, they state. In addition, the draft amendments would remove the requirement for spouses to mandatorily pay premiums for the insured. At present, the cumulative contribution rate for the national pension stands at about 60 percent, rising to about 90 percent among those aged 65 or older, he said.

Source: Taipei Times January 22, 2026 09:51 UTC