WR retired December 82
Pension at retirement Special exchange rate
(SER) For Base Value
SPOS Base Value
UK Pension increases
SPOS Target-
maximum payable
SPOS Feedback
Grade D3
Exchange rate $10.4
$138,946.28 pa
―
Some figures
$10.405
£13,353.80 42.93%
HK Pension increases Exchange rate @
mid-Feb. 91, say
$101,325 pa $14.85
£5,734.93 pa (a)
Sterling equivalent
£6,823.23 pa (b)
As (b) exceeds (a), no SPOS is payable.
In this example unless the exchange rate is more than $17.67, no SPOS is payable. At that rate the total pension is £13,597.70 or some 28% less in real terms than at retirement.
MS retired September 85
Pension at retirement
Grade D1
Exchange rate 10.7
$148,900 pa
SER for Base Value
SPOS Base Value
UK Pension increases
SPOS Target-
maximum payable
$10.6775
£13,945.25 24.03%
HK Pension increases Exchange rate @
$51,864 pa
14.85
mid-Feb. 91, say
£3,351 pa (a)
As (b) exceeds (a), no SPOS is payable.
Sterling
equivalent
£3,492 pa (b)
In this example unless the exchange rate is more than $15.48, no SPOS is payable. At that rate the total pension is £12,969.25 or some 25% less in real terms than in 1985!
10%
EARLBIRD DISCOUNT
TO
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•
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16