Change of contribution rate
Personnel can change their contribution rate to the Provident Fund once a year, around November of each year. Such change shall be effective on 1 January of the following year.
Change of investment plan
Personnel can change their investment plan with the Provident Fund four times a year, via the Internet service, as stipulated by the Provident Fund’s management company.
Reimbursement
Upon termination of Provident Fund’s membership, personnel shall be reimbursed 100% of their contribution plus the University’s supplemental contribution as follows:
- - Personnel with a service period less than one year shall receive 0% reimbursement.
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- Personnel with a service period of one year but less than two years shall receive 40% reimbursement.
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- Personnel with a service period of two years but less than three years shall receive 50% reimbursement.
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- Personnel with a service period of three years but less than four years shall receive 60% reimbursement
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- Personnel with a service period of four years but less than five years shall receive 80% reimbursement.
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- Personnel with a service period of over five years shall receive 100% reimbursement
