32-APR-1993 14:41 PAUL FIFOOT
ANNEX I
RULES FOR CALCULATING AND DETERMINING
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P.02.08
A NOTIONAL HONG KONG PENSION AND ITS STERLING VALUE
A Members of HMOCS ("officers") who have been granted a pension on their retirement from the service of Hong Kong before 1st April 1992
To calculate the sterling value of an officer's notional Hong Kong pension:
(a) Determine the officer's pension in Hong Kong dollars as granted under the relevant law;
(b) Divide the pension as so determined by XX; the resulting sum will be denominated in pounds sterling;
(c) Increase the sum obtained at paragraph (b) in April of each year up to the date on which a calculation is to be made to determine whether a supplement is payable under paragraph 5 of the Scheme by the appropriate percentage increase rate obtained from the relevant Orders made under section 59 of the United Kingdom Social Security Pensions Act 1975, as from time to time in force, as if the sum so obtained were a pension begining on [the 1st April 19911[ the day on which the Hong Kong pension was granted under the relevant law];
(d) The sum obtained at paragraph (b) as increased in accordance with paragraph (c) is the sterling value of the pensioner's notional Hong Kong pension.
(e) Divide the sterling value of the pensioner's notional Hong Kong pension by 12 to obtain the monthly rate of such sterling value.
B Members of HMOCS ("officers") who are granted a
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