CONFIDENTIAL
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in the process of drafting a composite miscellaneous pensions
amendment bill to remove inconsistencies and anomalies in the
existing pensions legislation.
23.
The main change is to provide for service below the
age of 18
years to count as pensionable service in all
cases. At present such service counts for pension in some
cases and not in others. It is therefore proposed, on
grounds of consistency and equity, to amend the pensions
ordinances to provide that all service regardless of age
should count for pension. However, it is not intended that
this should apply retrospectively to officers who have
already left the service.
24.
Because there is a limitation on the maximum amount
of pension one can accrue (maximum pension cannot exceed
two-thirds of highest salary) the modification is unlikely to
have any significant effect on the cost of pensions.
25.
Another amendment will provide for a more flexible
definition for "pensionable emoluments" for acting
for acting allowance
to be taken into account as pensionable emoluments where an
officer retires after performing satisfactorily in a higher
office in an acting capacity for a prolonged period, but
to that office because of the rank
cannot
be
promoted
CONFIDENTIAL