Taiwan has launched a pension fund for farmers. Eligible farmers can deposit 1% to 10% of their earnings into the fund. The government will then match whatever farmers put in.
President Tsai Ing-wen attended a ceremony held in Kaohsiung Monday to commemorate the fund’s establishment. She said that the fund’s establishment is important for two reasons. First, it completes a benefits package the government promised to farmers. Tsai said that over the past few years, the government has continued to promote disaster relief and health insurance programs for farmers. She said that this retirement fund is the last piece of the puzzle to ensure farmers are completely taken care of.
Second, Tsai said that the implementation of farmers’ insurance means that Taiwan has retirement funds for all sectors of the economy. She says that no matter what career path people choose, retirement funds will be available for them.