Forwarded Notice: Private School Retirement Fund Committee Circular

  • Subject: Availability of Taiwan Life Insurance Co., Ltd.’s “Golden Fortune Enterprise Variable Interest Rate Group Annuity Insurance (Type B)” for Eligible Faculty and Staff Aged 55 and Above
  • The Private School Teachers and Staff Retirement, Bereavement, Resignation and Severance Fund Management Committee (R.O.C.) would like to inform all eligible faculty and staff members that the Committee has renewed its agreement with Taiwan Life Insurance Co., Ltd. to continue offering the “Golden Fortune Enterprise Variable Interest Rate Group Annuity Insurance (Type B)” to currently employed faculty and staff members aged 55 or above.
  • 1. Application Procedure for In-Service Annuity Insurance
    1. Please visit the Committee's official website and navigate to: Self-Directed Investment Section → In-Service Annuity Insurance → Annuity Insurance Introduction → Application Forms, then complete the Personal Data Collection Consent Form.
    2. After the Committee verifies eligibility (currently employed faculty and staff members aged 55 or above), a list of eligible applicants will be provided to the insurance company. The insurance company will assign a representative to:
      • Explain the policy benefits and coverage details;
      • Assist applicants in completing the enrollment documents; and
      • Obtain signatures on the required consent forms (two copies).
    3. Upon completion of the annuity insurance account opening process, the insurance company will notify the applicant. The applicant must then log in to the Self-Directed Investment Platform and select the transfer of existing investment units into the annuity insurance product. Upon instruction from the Committee, the trust bank will remit the corresponding funds to the insurance company for enrollment.
  • 2. Important Notes
    • Applicants must:
      • Accurately complete all required information in the Personal Data Collection Consent Form;
      • Properly execute all insurance enrollment documents; and
      • Complete the transfer of their existing investment holdings through the Self-Directed Investment Platform.
    • Only after all of the above steps have been completed will the annuity insurance enrollment application be considered successfully submitted.
  • 3. Failure to Complete Required Procedures
    • If any required information is incomplete or inaccurate, if the transfer of investment holdings is not completed, or if an applicant transfers investment holdings before completing the insurance enrollment documentation, the application will be deemed incomplete.
    • Any loss of interest earnings or investment returns resulting from an incomplete application shall be borne solely by the applicant.
  • Please circulate this information to all eligible faculty and staff members.