3
III. OTHERS
(A)
Commutation of the Monthly Dependant Pension
Beneficiaries are given an additional option of commuting the monthly dependant pension into a lump Sum Payment in lieu compensation
Sum
the
sum
of
lump the ECO. The lump calculated
granted under
pension will
be
dependant according to commutation factors prepared by professional
30 that it is, at the
actuaries
date of payment, actuarially equivalent to the value of the monthly dependant pension.
(B) Revised Method for the Calculation of
Additional Pension
(C)
The
is
method for the calculation of additional pension
modified S0 that the
of rate additional pension is expressed as the same percentage of the officer's annual pensionable emoluments at
the date of injury, as the degree of
incapacity permanent
resulting from such injury. However, the total amount of additional pension and service pension which an officer may receive at the time of retirement, is, as under the
existing arrangements, subject to a limit of his highest pensionable
five-sixths emoluments.
of
Enhancement of Service Pension on Retirement on Account of Duty-related Injuries
The service pension for officers who have to retire on account of duty-related injury after short service (less than five years) will be enhanced by doubling the length of an officer's pensionable service, subject to a minimum of two years, and a maximum of not exceeding the period of service which the officer would have completed on attaining normal retirement age.
M/ANN-1