HONG KONG
PENSION SAFEGUARD FORMULA AND RULES
NOTES: IT IS IMPORTANT TO REMEMBER THAT THE SCHEME WILL APPLY
TO EACH PENSION SEPARATELY, EG SERVICE PENSION, INJURY PENSION, ETC.
IT IS ASSUMED THAT FOR THE PURPOSE OF THIS SCHEME THAT NO OFFICER WILL BE PAID A HK PENSION BEFORE HE RETIRES FROM THE HONG KONG PUBLIC SERVICE OR OTHER SCHEDULED SERVICE.
THE QUALIFYING CONDITIONS OF SECTION 3 OF THE PENSIONS INCREASE ACT 1971 (AS AMENDED) SHOULD BE IGNORED IN ALL CALCULATIONS UNDER THE SCHEME, IE A SUPPLEMENT MAY BE PAID UNDER THIS SCHEME TO A RETIRED OFFICER UNDER THE AGE OF 55.
CONTENTS
A OFFICERS WHO RETIRE FROM HONG KONG, OR SAR GOVERNMENT
SERVICE, BEFORE OR AFTER THE OPERATIVE DATE OF THE SCHEME (SEE DIAGRAMS A AND B).
B OFFICERS WHO RETIRE FROM HONG KONG, OR THE SAR GOVERNMENT, AFTER THE INTRODUCTION OF THE SCHEME AND WHO COMMUTE PART OF THEIR PENSION IN FAVOUR OF A GRATUITY
C
OFFICERS WHO RETIRE FROM UK GOVERNMENT SERVICE, OR SOME OTHER SCHEDULED GOVERNMENT SERVICE, IN PENSIONABLE CIRCUMSTANCES AND WHO ARE ELIGIBLE FOR A SCHEDULED HONG HONG PENSION BASED ON THE HIGHEST PENSIONABLE EMOLUMENTS EARNED IN THEIR FINAL COUNTRY OR TERRITORY OF SERVICE, (BEFORE OR AFTER THE OPERATIVE DATE OF THE SCHEME).
D OFFICERS WHO RETIRE FROM UK GOVERNMENT SERVICE, OR SOME
OTHER SCHEDULED GOVERNMENT SERVICE, IN PENSIONABLE CIRCUMSTANCES AFTER THE OPERATIVE DATE OF THE SCHEME AND WHO COMMUTE PART OF THEIR HK PENSION IN FAVOUR OF A GRATUITY.
E WIDOWS AND CHILDREN OF OFFICERS CIRCUMSTANCES A OR C
(SEE DIAGRAMS C, D, E AND F)
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