Applications for changes to the personal incremental withdrawal of the refund reserve for the Spring semester 2024 are now being accepted

Dear Faculty and Staff,
 
In order to provide those enrolled in the Government Employees and School Staff Insurance Scheme with a variety of savings and investment options, the Board of Supervisors of the Private School Faculty and Staff Retirement, Compensation, Resignation and Severance Scheme allows an individual to apply for or cancel the personal incremental withdrawal of the refund reserve to provide for retirement, compensation, resignation and severance benefits. However, each individual is responsible for his or her own gains and losses from the use of these additional voluntary contributions.

If you wish to apply for the personal incremental withdrawal of the refund reserve (first time application, change of automatic payment amount or cancellation of increased automatic payment) in the Spring semester 2024, please submit the signed application form (as attached) to the Personnel Office by 30 November.  Successful applications will take effect from February 2024.  Late applications will not be considered. Thank you for your cooperation. (The next application period will be in June 2024, with effect from August 2024).

Best regards,

Personnel Office
(Ext.1211-1212)