Go TO Content

1.Retirement Pensions

  

  

(1) Lump-sum Pension:
the base amount is double the basic pay for the employee level at time of retirement. For every full year of employment 1.5 base amounts are awarded, to a maximum of 53 and 35 years of service.
(2) Monthly Pension:
for every full year of employment at the same employee grade, 2% of the base amount of double the basic pay is paid per month, to a maximum of 35 years of service and a limit of 70%. Payments are made every six months, on January 16 and July 16, respectively.
(3) Combined Pension:
consists of equal parts of lump-sum and monthly pension payments; or one-third lump-sum pension and two-thirds monthly pension; or one-quarter lump-sum pension and three-quarters monthly pension. Payments are made in accordance with the calculation methods for lump-sum and monthly pensions, multiplied by the proportion of combined payment.
(4) Survivor Relief:
for retired persons drawing a monthly or combined monthly pension at time of death, surviving kin shall receive additional compensation as a lump-sum payment. Surviving parents, spouses, or minor children are eligible to receive monthly relief compensation of one-half the sum of the monthly retirement pension drawn at time of death.

    

    

2. Survivor Compensation


(1) For persons with less than 15 years of service time, one lump-sum compensation payment will be made without additional annuity. For each full year of service 1.5 base amounts are awarded. In the event of less than six months of service in the final year, 1.0 base amount is credited, whereas service over six months is credited as a full year and awarded 1.5 base amounts.

(2) For persons who have served more than 15 years, in addition to an annual annuity of 5 base amounts, a lump sum of 15 base amounts is paid. For each additional year of service 0.5 base amounts shall be awarded. Service of less than six months in the final year is not credited; service of six months or more is credited as one year, to a maximum of 25 base amounts.

    

    

3. Severance Pay

  Severance pay shall be based on the base amount calculated by doubling the basic pay of on-service personnel at the same rank of the discharged person on the day of employment termination. For every full year of employment 1.5 base amounts are awarded, to a maximum of 53 base amounts and 35 years of service.

    

    

4. Employment Withdrawal Contribution Reimbursement

(1) Participants ineligible for pension or severance pay, who withdraw from service or are otherwise dismissed, may apply for reimbursement of the full amount of the contribution to the Pension Fund, in one payment with interest calculated at the annual deposit rate of the Bank of Taiwan.

(2) Participants aged 35 or above or 45 and above ineligible for pension or severance pay, who voluntarily withdraw service, may apply for reimbursement of the full amount of the contribution to the Pension Fund, as well as that contributed by the government on the employee’s behalf, in one payment with interest calculated at the annual deposit rate of the Bank of Taiwan.

    

    

Historical Pension Fund Payments, by Participant Category

Units: NT$100 million
Historical Pension Fund Payments, by Participant Category

Category

Fiscal Year

Military

Personnel

Civil Servants

Education Staff

Political Appointees

Total

1996

-

1.51

0.10

-

1.61

1997

3.42

6.25

2.73

-

12.40

1998

10.62

7.55

6.09

-

24.26

1999

19.04

12.33

11.53

-

42.89

1999 2nd half & 2000

39.80

24.10

30.26

0.60

94.76

2001

28.43

31.85

33.73

0.29

94.29

2002

31.37

27.12

42.72

0.38

101.59

2003

36.98

34.50

51.93

0.38

123.79

2004

52.56

45.89

76.61

0.61

175.67

2005

51.02

59.17

84.91

0.73

195.82

2006

63.76

73.95

95.97

0.53

234.20

2007

62.42

87.17

105.34

0.56

255.48

2008

65.96

100.97

115.78

0.58

283.29

2009

63.65

115.56

127.03

0.45

306.69

2010

77.33

137.12

140.54

0.45

355.44

2011

98.71

166.99

159.85

0.47

426.02

2012

115.66

202.26

183.11

0.45

501.48

2013

136.22

235.73

204.87

0.46

577.28

2014

135.9

269.4

224.45

0.47

630.22

2015

144.92

305.62

249.32

0.49

700.35

2016

159.74

346.52

279.10

0.48

785.84

2017

174.35

381.25

310.08

0.47

866.15

2018

141.23

420.09

342.82

0.49

904.63


Note:
From January 2000 political appointees were retroactively brought into the pension system dating to 1 May 1996. From 1 January 2004 political appointee participation in the Pension Fund was discontinued; however, payments continued to be administered, with shortfalls in revenues and outlays to be compensated by governments at all levels according to law.