Overview of Retirement Pension Benefits (Private schools version) (New 3rd tier)

Contents

• Retirement Pension
• Lump-sum Withdrawal Payment for survivors
• Lump-sum Withdrawal of Retirement Pension Benefits
• Disability Pension Benefits (disabled while on duty)
• Survivors’ Pension Benefits (deceased while on duty)

There are the following Retirement Pension Benefits (Private schools version):

In the system of Retirement Pension Benefits (Private schools version), the financial operations utilize the funding method and the benefit payment design utilizes the cash balance method. This cash balance method has the advantages of both defined-benefit type in which the payment amount is stabilized and defined contribution type, which determines the payment amount based on the account balance and its operational results.