64
clause 36(g) (clause 27), clause 36(r) (clause 29), clause 36(s) (clause clause 36(1) (clause 20), and clause 36(ab) (clause 33).). Of the remain. clauses, some, though consequential, will, when enacted, effect changes of substance to the enactments to which they relate (See clauses 36(d), 36(g), 36(h)(v), 36(h)(ix), 36(1)(i), 36(/)(iv), 36(n)(iii), 37(c), 37(e), 37(ƒ), 37(h)(iii), 37(i), 37(j)(ii), 37(j)(iii), 37(m)(i), 38(b)(i), 38(d)(iii), 49(1)(ii), 49(0), 49(1)(v), 49(y)(v), 49(y)(vi), 49(y)(vii) and 49(z)(v).).
34. The additional Public Service staffing costs for introducing the new pension scheme is estimated to be $362,000. It is not possible at present to assess the financial implications of the new pension scheme. It is expected that there will be a short term increase in costs followed by long term savings.
Bill Clause
PENSION BENEFITS BILL
COMPARATIVE TABLE
Pensions Ordinance (Cap. 89.) Section
1
NEW
2(1)
2(2)
2(1), but some definitions are modified and some definitions are new.
2(2)
3
2A
4
NEW
but compare s. 21.
5
NEW
but compare s. 5.
6
4
7
NEW
8
NEW
9
NEW
10
compare s. 6 and s. 8.
11
6
12
NEW
13
NEW
14
+ 5
compare reg. 31(1)(i) of Pensions Regulations.
15
MODIFIED
compare reg. 31(1)(ii) & (iii) of Pensions Regulations.
16
NEW
compare reg. 22 of Pensions Regulations.
17
19
18
7
19
18
20
17
21
22
9
22
compare definition of “pensionable emoluments"
in s. 2(1) of Cap. 89.