IƠNG KONG HMOCS GENERAL COMPENSATION SCHEME ULL FACTORS: REQUIRED TO RETIRE AGE 55 COMPENSATION AND CAP FIXED AT "APPOINTED DAY"
Name ANOTHER
Dept SEC
Dob
Began service
01-Dec-58
23-Aug-81
Service ends 30-Jun-2001
EXAMPLE 1.
Max salary (pm)
69,050
Max salary (pa)
828,600
Erch rate
13.7609
£60,214
jprate at 4% KPI
ûl-Apr-ŷi
ûl-Apr-92
ûl-Apr-93
ÛÎ-Apr-94
ûî-Apr-95
ûî-Apr-96
û1-Apr-97
* Emoluments Compensation
Cap
£60,214 £257,716 £268,025
£120,000 ET24,800
£62,623
£65,128
£67,733
£70,442
£73,260
£76,190
£278,746 £129,792
£289,896 £301,492 £134,9834 £140,383
£313,551
£326,093
£145.998
£151,838
Operative date
30-Jun-97
Û1-Jul-98
01-Jul-99 30-Jun-ÃÃ0 30-Jun-20ūi
Service
15.9
16.9
17.9
18.9
19.0
Age
Years
38
39
40
41
42
Months
7
7
7
7
7
Factors
4.28
42
4.08
3.94
3.76
4.2
4.08
3.94
3.76
3.52
4.233
4.130
3.998
3.835
3.620
Emohtments
£76,190
£79,238
£82,407
£85,703
£89,132
Compensation
£326,093
Cap £151,838
COMPENSATION
Installment
£65,219
£65,219
£65,219
£65,219
£65,219
Interest
£13,044
£9,783
£6,522
£3,261
Balance
£260,875
£195,656
£130,437
£65,219
CAP
Lusiaturui
230,368
230,368
£30,368
£30.368
£30,368
Interest
£6,074
£4,555
£3,037
£1,518
Balance £121,471
£91,103
£60,735
£30,368
Payment
£30,368
£36.441
£34.923
£33.404
£31,886
Sompensation
£151,838
Interest
Total
£15,184
£167,022