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Compensations and Benefits for Faculty Members

 

Compensations and Benefits of National Chengchi University for Faculty Members

Generous Benefits                      (The following numbers are in TWD; the exchange rate used for US Dollar to TWD is 1:30)

Item

Description

Insurance

National Health Insurance

● Low premium：monthly premium of NT 1,187~1,959 (USD40～65)!
● Wide coverage：illness, injuries, accidents, childbirth, dental insurance; preventive health care for adults and free cancer screening included.
● Covers more than one person：dependents can be insured as well.

Civil Servant and Teacher Insurance

● Low premium：monthly premium of NT894~1,624 (USD30~54)!
● Wide coverage：covers old age pension, disability, death, funeral, childbirth, and child care subsidy.  

Living Allowance

Provides subsidies for marriage, childbirth, funeral, child education.

 School Facilities

Our university has its affiliated kindergarten, elementary school, and junior high school. Children, 3 years old or above, may enroll.

Accommodation

Our dormitory provides single room and family suites. All professors or teachers can apply. (up to 2 years; approval needed for further extension.)

Excellent Retirement Package

Item1

Years of Service

Job level

Professor

Associate Professor

Assistant Professor

Monthly Retirement Payment 2

(Max)

25

55,494
(USD 1,850)

51,966
(USD 1,732)

48,618
(USD 1,621)

30

64,743
(USD2,158)

60,627
(USD 2,021)

56,721
(USD 1,891)

Lump-sum Retirement Payment

(Max)

25

4,624,500
(USD 154,150)

4,330,500
(USD 144,350)

4,051,500
(USD 135,050)

30

5,549,400
(USD 184,980)

5,196,600
(USD 173,220)

4,861,800
(USD 162,060)

  1. Local teachers and foreign teachers (holding permanent residency) can choose either monthly pension payments or lump-sum pension. 
  2. Monthly retirement payment is paid indefinitely. If the insurant passes away, dependents can receive another lump-sum payment up to NTD711,000, or receive monthly pension (The amount is half of the monthly retirement payment of the original beneficiary).

 

Salary Compensation

Item

Job level

Professor

Associate Professor

Assistant Professor

Statutory annual salary
(including 1.5 month bonus)

1,556,145-1,799,685
(USD 48,630-56,240)

1,250,235-1,526,040
(USD 39,070-47,689)

1,111,860-1,382,670
(USD34,746-43,208)

Annual Salary Including Merit Pay 3

1,880,145-2,639,685
(USD 58,755-82,490)

1,574,235-1,946,040
(USD 49,195-60,814)

1,558,860-1,562,670
(USD 48,714-48,833)

Adjusted salary by Purchasing Power Parity4

USD 136,093-191,072

USD 113,950-140,863

USD 112,837-113,113

3：Merit pay may be adjusted by international standard and academic performance. 

4：According to 2023 IMF survey, PPP of Taiwan is 2.3163(USD$1＝NTD$32).

※ Extra fundings for relocation, start-up research support, and extra pay, etc., up to USD 40,000.