January
in
A: OFFICERS WHO RETIRE FROM HONG KONG, OR SAR
GOVERNMENT SERVICE, (BEFORE OR AFTER THE OPERATIVE DATE OF THE SCHEME)
1. CALCULATION OF OFFICER'S NOTIONAL HONG KONG PENSION
(i) IDENTIFY THE OFFICER'S SALARY POINT AND ALLOWANCES
APPROPRIATE TO HIS SUBSTANTIVE GRADE AT RETIREMENT (OR DATE OF INJURY OR DATE OF DEFERMENT AS THE CASE MAY BE), IE THE PENSIONABLE EMOLUMENTS TAKEN INTO ACCOUNT TO DETERMINE HIS HONG KONG PENSION.
(ii) DETERMINE THE SALARY POINT AND ALLOWANCES APPROPRIATE TO
THE SALARY POINT OF THE OFFICER'S SUBSTANTIVE GRADE ON
1 APRIL 1994. THIS IS THE OFFICER'S NOTIONAL HONG KONG PENSIONABLE EMOLUMENTS.
(iii) CALCULATE THE OFFICER'S NOTIONAL HONG KONG PENSION BASED
ON THE NOTIONAL HONG KONG SALARY AT (ii) ABOVE AND THE
PENSIONS FORMULA PROVIDED IN THE HK PENSIONS LAWS, EG FOR A HK SINGLE SERVICE PENSION:
Notional HK salary x (Actual No Completed months)
Appropriate Factor
OR IN THE CASE OF ANY OTHER HK PENSION THE APPROPRIATE FORMULA. -
(iv) IF THE OFFICER COMMUTED ANY PART OF HIS ACTUAL HK PENSION APPLY THE SAME COMMUTATION TO HIS HK NOTIONAL PENSION. THIS WOULD BE THE OFFICER'S COMMUTED HK NOTIONAL PENSION.
(v) CALCULATE THE STERLING VALUE OF (iii) OR (iv) BY DIVIDING THE
AMOUNT BY [16/18/26/ OR PERSONAL RATE SPECIFIED].
21.
(vi) THE STERLING VALUE OF THE OFFICER'S UNCOMMUTED OFF-
COMMUTED✈ HK PENSION SHOULD BE INCREASED IN APRIL OF EACH YEAR TO REFLECT THE MOVEMENTS IN THE UK RETAIL PRICE INDEX (RPI). FOR THIS PURPOSE THE NOTIONAL HK PENSION SHOULD BE DEEMED TO BEGIN IN } APRIL 1991-AND THE APPROPRIATE PERCENTAGE INCREASE RATE OBTAINED FROM THE RELEVANT ORDERS MADE UNDER SECTION 59 OF THE SOCIAL SECURITY PENSIONS ACT 1975 (AS AMENDED), THE NOTIONAL HK PENSION, AS INCREASED, IS THE BENCHMARK AGAINST WHICH THE SUPPLEMENT PAYABLE UNDER THE SCHEME WILL BE ASSESSED. THE REASSESSED AMOUNT WILL BE FIXED FOR THE YEAR, EG APRIL 1992 - MARCH 1993.
заплену
1992
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