According to the amendment of the Act Governing the Retirement, Bereavement Compensation, Discharge with Severance Pay Benefits for the Teaching and Other Staff of School Legal Persons and their Respective Private School(s) promulgated on May 1, 2019, starting March 16, 2020, the Life Cycle Fund portfolio will be automatically applicable to pension contributions by those faculty and staff members who have not yet completed their personal account portfolio selection. In addition, starting July 16, 2020, the Life Cycle Fund portfolio will be applicable furthur to the existing inventory funds held by the above-mentioned faculty and staff members. The funds will be adjusted in four batches over the next two years, and the gain or loss on the fund reallocation will be borne by the same faculty and staff members. Therefore, it is strongly suggested that our colleagues have your investment portfolio selection settled as soon as possible.