22-
:
;
and an allowance representing an investment
return for this period in the scheme.
The
details would require actuarial advice, because
he would have already received the 'benefit of
protection during his period of membership of
the scheme. An employee could subsequently
rejoin, but he would have to wait a further
six months to be eligible for sickness and
injury benefits (see b(i) below).
b) Benefits
}
·
i) The sickness and injury benefit would be paid
in respect of the second, third and fourth
months away from work (the first month being regarded as
covered by sickness allowance payable under Λ
the Employment Ordinance) to any person who
had been a member for at least 6 months. To
qualify, a medical certificate would be
necessary.
ii) The amount of sickness and injury benefit
might be half normal pay excluding overtime
(half monthly pay for monthly paid staff and
13 days pay for daily paid staff) subject to '
an earning maximum. Those earning over the
maximum could still join, but their contribu-
tions and benefits would be limited by
reference to the prescribed maximum.
iii) If the member died before age 60, a lumpsum
death benefit would be payable. On the
evidence available from the operation of grant
and subsidized schools provident funds (with
5% contribution from both employer and
up t
employee) a lumpsum ofcix months pay may be possible.