EXAMPLE 5
OFFICERS WHO OPT TO COMMUTE PART OF THEIR HK PENSION IN FAVOUR OF A GRATUITY ON OR AFTER THE OPERATIVE DATE OF THE SCHEME [SINGLE SERVICE]
See example 3.
IN THIS CASE THE NOTIONAL HK GRATUITY, AS AT 8 APRIL 1991, WOULD BE:
HK$ 23,333.31 [or £1,458.33 {16}]
X RPI
EXAMPLE 6
OFFICERS WHO OPT TO COMMUTE PART OF THEIR HK PENSION IN FAVOUR OF A GRATUITY ON OR AFTER THE OPERATIVE DATE OF THE SCHEME [MIXED SERVICE]
See example 4.
IN THIS CASE THE NOTIONAL HK GRATUITY, AS AT 8 APRIL 1991, WOULD BE:
HK$ 21,212.10 [or £1,325.76 {16}]
X RPI