1. Civil Service Pension System Monthly Pension

2. Preface Civil Service Pension System (Include Laws, Qualifications, and Pensions) Issue Reformation My point of views

3. Civil Service Pension System Laws: Old Civil Service Retirement Act (CSRA) enacted in the year of 1943. New Civil Service Retirement Act (CSRA) enacted in the year of 1995. Qualifications: At least 25 years of creditable services At least 5 years of creditable services at the age of 60 or older Monthly pension requirement: at least at the age of 50 or older. Or, a lump-sum pensions.

4. Civil Service Pension System Pension: Monthly Pension: Old CSRA + New CSRA + Interests of Civil service Insurance Old CSRA: – basic pay × ﹝ 75% + (years of creditable service –15) ÷100 ﹞ + 930 New CSRA: – years of creditable service × 2% × basic pay × 2 Interests of Civil service Insurance – (basic pay × 36) × 18% ÷12

5. Issue An irrational situation—the retiree’s payment is higher than the active one This situation happens only on those retirees who have service years covered by both the old and the new systems.

6. Issue Examples: Grade 7 Senior level 6 served 30 years (old CSRA 17years+ new CSRA 13 years) Active: $63,975 NT dollars ($37,915 for basic pay + $21,070 for allowance of specialty + $4,990 for allowance of directing)== 1940 USD Retiree:$68,609 NT dollars ($30,125 + $19,716 + $18,768) == 2080 USD Ratio: 2080: 1940=107:100

7. Reformation Restrain the ratio: 85%~ 95% Equation: Old CSRA + New CSRA + Interest ---------------------------------------------- = 85%~95% basic pay + specialty + directing Amendment: 2009?or 2010?

8. My point of views Pension fund : going to bankrupt(2026) Budget: burden

9. Thank you