Thousands of protesters gather in Taipei on Saturday, demanding a better pension plan from the Taiwanese government.<br/> <br />They chanted phrases like "no pension cuts" and "basic security", pressuring the government to shelf major cuts to state pensions.<br/> <br />(SOUNDBITE)(MANDARIN) 62-YEAR-OLD TAOYUAN UNION CHAIRMAN WU CHONG-HSIN SAYING:<br/> <br />"We want the government to know that we are not asking much, but at least our pensions should not be reduced."<br/> <br />This man predicts a potentially catastrophic future.<br/> <br />He says that one to two million workers without a pension plan after retirement would be a disaster in Taiwan, with homeless elders filling the streets.<br/> <br />Taiwan President Ma Ying-Jeou announced his government is planning to reform its pension program to save cash.<br/> <br />Taiwan's Council of Labour Affairs predicts the country's labour insurance fund might be bankrupt by 2027.
