Reference
า.
7. Unfortunately
the absence of
POA rate has resulted i
a
i
anomalies : the calculation of SPOS to Hong Kong pensiono.
We take the
as the
sterling value of such pensions at retirement is taken
Que
offre supplement the supplement calculation A. The wide
starting point for
fluctuations in the Hong Kong exchange rate in recen
retiring during Fat period
Ras
years with hav
who
meant that pensiones Exen awarded similar Hong Kong dollo pensions are
for SPOS purposes, as though their basic prensions
lothing-up supplement would there
А
gor some than fo
Marque
treated,
are
different.
become due earlier
otles. However, the pension increases
да awarded. by Hong Kong
in the last few years
Rave
exceeded tlose - the UK. Thus when the Hong Kong
dollo is rell
no supplement is payabled to
relatiary strong any of the offices who retired over recent
years
And
even when the doller is weak (therely undermining
cal increases) any supplement
the starling
савик
ag
the rccal
payable represents a small portion of a pensione's income
anxious
are havde apoions that the
Hong Kong pensiones are,
British goverment fraudes a
safety- net through the
SPOS Regulations against any further devaluation
thei pension i stating terms.
of
Moreover while SPOT guarantees a certain rate of increase over CODE 18-77 his notional perision, his actual base pasion may well have
dereased significantly because of an unfavourative movement of