Taiwanese parliament members have decided to raise the mandatory retirement age above 65, Taiwan News reported on July 15.
The deputies adopted amendments to the labour legislation, which set the mandatory retirement age at 65. Now the employer will be able to keep an employee over 65 years of age in work after consulting with him.
Currently, the employment rate for people over 65 in Taiwan is less than 10%. According to this indicator, the island lags behind neighbouring countries such as Japan and South Korea.
The amendments were supported by both Taiwan’s ruling Democratic Progressive Party and the opposition Kuomintang.
Let’s remember that an aging population is a serious problem for Taiwan. The island’s leaders see recruiting immigrants from abroad as one way to solve this problem. The working-age population is declining amid falling birth rates and an aging population.
The government intends to focus on three areas to address the problem: increasing the search for highly qualified foreign white-collar specialists, attracting and retaining more foreign students, especially of Chinese origin, and attracting and retaining migrant workers who are simultaneously studying in Taiwan, including at university.
Source: Rossa Primavera
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.