Act Governing the Retirement, Bereavement Compensation, Discharge with Severance Pay Benefits for the Teaching and Other Staff of School Legal Persons and their Respective Private School(s) Article 4

Retirement, bereavement compensation, resignation, and severance payments for the staff of school foundations and their private schools shall be made through a fund. The staff, private schools, and each competent authority for schools shall jointly contribute an amount of money on a monthly basis to establish a retirement, bereavement compensation, resignation, and severance fund (hereunder referred to as “the Retirement and Compensation Fund”), from which such payments shall be made.In conjunction with relevant agencies, the central competent authority shall assist private schools, school foundations, and staff representatives to form the ROC Private School Staff Retirement and Bereavement Compensation Fund Management Committee (hereunder referred to as “the Fund Management Committee”) and commission it to handle the Retirement and Compensation Fund revenue and expenditure, management, utilization, and deliberations and to review and make final decisions regarding retirement, bereavement compensation, resignation, and severance matters.The number of members of the Fund Management Committee who are staff representatives and experts recommended by staff is not permitted to comprise less than two thirds of the full committee. The central competent authority shall also act in conjunction with relevant agencies to form the Private School Retirement and Bereavement Compensation Fund Supervisory Committee, to be responsible for the supervision of the Fund, and its review and assessment.When the Fund Management Committee has been established, the management committee of the former ROC Private School Teacher and Staff Retirement and Compensation Fund that was established in accordance with the provisions of the Private School Act (hereunder referred to as “the former private school retirement fund”) before this Act took effect shall be integrated into the Fund Management Committee, after which all the rights and obligations of the management committee of the former private school retirement fund shall be assumed by the Fund Management Committee.The Fund Management Committee shall set up a school fund reserve account for each private school and set up individual Retirement and Compensation Fund accounts for each of their staff members.A school foundation and its private school(s) are not permitted to formulate its own provisions governing retirement, bereavement compensation, resignation, and severance and use its own such provisions instead of the retirement, bereavement compensation, resignation, and severance system set out in the provisions of this Act.Regulations governing the organization, meetings, and administration of the Fund Management Committee and of the Supervisory Committee referred to in Paragraph 2, and other related matters, shall be prescribed by the central competent authority.
中文原文 學校法人及其所屬私立學校教職員退休撫卹離職資遣條例第4條
學校法人及其所屬私立學校教職員之退休、撫卹、離職及資遣給與採儲金方式,由教職員及私立學校、學校主管機關按月共同撥繳款項建立退休撫卹離職資遣儲金(以下簡稱退撫儲金)支付。
中央主管機關應會同有關機關輔導私立學校、學校法人及教職員代表組成財團法人中華民國私立學校教職員退休撫卹儲金管理委員會(以下簡稱儲金管理會),委託其辦理退撫儲金之收支、管理、運用、審議與退休、撫卹、離職及資遣審定事宜。
儲金管理會成員中,教職員代表及教職員推薦專家代表人數不得少於總數三分之二。
中央主管機關並應會同有關機關組成私校退撫儲金監理會,負責儲金監督及考核事宜。
本條例施行前,依私立學校法規定成立之財團法人中華民國私立學校教職員工退休撫卹基金(以下簡稱原私校退撫基金)管理委員會(以下簡稱基金管理會),於儲金管理會成立時,併入儲金管理會,合併後基金管理會之權利義務由儲金管理會概括承受。
儲金管理會應為私立學校及教職員分別設立學校儲金準備專戶及個人退撫儲金專戶。
學校法人及其所屬私立學校不得自訂退休、撫卹、離職及資遣規定,以取代本條例規定之退休、撫卹、離職及資遣制度。
第二項儲金管理會、監理會之組織、會議、管理及其他相關事項之辦法,由中央主管機關定之。

English translation for reference only; the Chinese text prevails. Not legal advice.