Cabinet budgets for pension increase

ADD-ONS: Benefits for public workers are to be adjusted and a NT$2,000 increase in professional or supervisory allowances is to be provided, the Executive Yuan said By Chung Li-hua and Jonathan Chin / Staff reporter, with staff writer Add TT as Preferred Source The Executive Yuan yesterday budgeted for a provisional increase of nearly 6 percent in pensions for public-sector retirees, adding NT$11.4 billion (US$357.1 million) to planned government spending.Pensions for retired government workers are provisionally budgeted to increase by 5.89 percent to keep up with inflation, based on the cumulative consumer price index as of May, an Executive Yuan spokesperson told a news conference after a Cabinet meeting.The central government is to contribute NT$7.4 billion and local governments are to