This is a tough question and I never get a straight answer.
A teacher working full-time teaching English and other subjects at a private elementary school in Taiwan does or does not qualify for labor pension? (6% of salary + interest at age 60)
I have been told that labor pension does not cover teachers. That teachers have their own special pension plan set up by the government. If this is correct, what is the special teacher pension plan? I can’t find it anywhere.
I have been told that private schools do not qualify for the special teacher’s pension plan. That private schools have their own special pension plan. If this is correct, what is the special private school pension plan?
From what I was able to dig up from government sites, it seems like private schools are obligated to set up their own bank accounts to stash a set percentage for pensions. That percentage seems to be determined by the school and not regulated by the government. If this is true, what happens to all that pension money if the school folds? What happens if you change schools? How can one be sure they will get a pension from their school?
Any help on this is GREATLY appreciated.