29-JUL-1993
11:06
PAUL FIFOOT
0372723755
P. 13/13
the Scheme came into operation; or
(ii) the rate of exchange on his last date of service before his retirement,
whichever produces a greater sum in sterling.
I Death Gratuity
To calculate the sterling value of a notional Hong Kong gratuity in the case of a death gratuity:
(a) Calculate the officer's notional Hong Kong pensionable emoluments in accordance with Head A (a) and (b);
(b) Apply the provisions of the relevant law as in force on 1st January 1992 to the notional pensionable emoluments to calculate the death gratuity as if they were the pensionable emoluments to be taken for the purpose under the relevant law;
(c) Divide the sum obtained at paragraph (b) by XX; the resulting sum will be denominated in pounds sterling;
(d) Increase the sum obtained at paragraph (c) in April of each year up to the date of the officer's retirement by the appropriate percentage increase payable in respect of a lump sum as provided by the relevant Social Security Pensions Order as if the sum were payable on 8th April 1991;
(e) The sum obtained at paragraph (d) is the sterling value of the officer's notional Hong Kong gratuity.
12
TOTAL P.13/13