APPENDIX D
Hong Kong Pension Examples
Police Grades
To illustrate the level of provision made for HMOCS police staff in Hong Kong, relative to
the pension provision for UK Police in equivalent grades, figures have been calculated for
an HMOCS officer who enters service at age 25 and retires at age 50 (the usual age for Hong
Kong (and UK) Police Officers. The grade at retirement has been taken as SP and the
equivalent grade in the UK is assumed to be Chief Inspector.
In order to achieve a valid comparison, the UK equivalent has been assumed to have
experienced the same career history and to have elected to retire at age 50, the same age as
the Hong Kong officer.
Personal Data
Entry Age 25;
Retirement Age 50
Reckonable Service
25 years
Final Salary
-
Hong Kong
- UK
$551,040 (£39,360)
£26,205
Benefit Levels
Accrual rate per year of service:
Hong Kong
UK
(i)
Personal Pension
1/50
1/60 + doubling
(ii)
Lump Sum
25% Commutation
25% Commutation
(iii)
Spouse's Pension
1/120
1/120 + doubling
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