Lawmakers to Keep Creditors Away From State Pension Fund

In an effort to safeguard the welfare of the public and preserve existing social safety nets, lawmakers yesterday pushed for amendments to deny creditors access to retirees' state pension payments.

Supported by both the Council of Labor Affairs and the Ministry of Health and Welfare (MHW, ), the proposal's approval is expected to be swift.

According to the Bureau of Labor Insurance , there are about 100 individuals whose monthly pension payments are being garnished by banks and creditors. To date, there have been over 4,600 individuals who have requested that the bureau receive their monthly payments in the form of checks in order to elude creditors.

Following the approval of relevant amendments, debtors may set up specialized bank accounts to receive their pensions without fear of creditors, said the MHW, the governing body overseeing a comprehensive review of the Labor Insurance Act, National...