Laborers March on May 1st, Demanding 12% Pension Contribution and Abolition of Old System Cap

AI Summary (NQ-processed)

Labor groups announced that this year's May 1st labor march will focus on retirement security, proposing demands such as raising the employer contribution rate for the new labor pension system to 12% and abolishing the cap on the old labor pension system. The march will start from Ketagalan Boulevard and gather at the Legislative Yuan, demanding responses from representatives of the three major parties. Dai Kuo-jung, chairman of the National Federation of Independent Unions, stated that Taiwan faces an aging population and declining birthrate, making retirement system reform urgent.