CAP. 94]
Widows and Orphans Pension.
[1967 Ed.
Right to continue
contributions in
full on reduced
income.
Right on retire-
ment to elect
to contribute on former dollar salary.
continue being a contributor, he shall be deemed to have elected to discontinue being a contributor.
(4) Subject to the provisions of section 15, in the case of an officer who leaves the public service on transfer to any other office under the Crown, an election made under subsection (1) shall be irrevocable.
(5) For the purposes of this section, interest shall be calculated at two and a half per cent per annum with annual rests on the 31st day of December in each year; the interest beginning to accrue in respect of each contribution on the 1st day of January following the day upon which the contribution is paid and ceasing on the last day of the month preceding the month in which payment under this section is made.
(6) Where contributions become repayable under this section and at the time the officer has acknowledged a debt as being due to the Government or the existence of such a debt has been established in any court, the amount of such debt shall be deducted from the contributions so repayable.
(Added, 17 of 1963, s. 5)
12. (1) Whenever the salary of an officer becomes reduced by abatement of his emoluments or by retirement on pension, then, if he is an officer who is required to continue to make contributions under this Ordinance, he may elect to continue to contribute upon the higher salary which he was receiving previous to such reduction, and subject to the same terms and conditions as if he had continued to draw the higher salary:
Provided that---
(a) such officer shall notify his decision to the Accountant General within one month after the date of the abatement or within four months after the date of his retirement; and
(b) if such officer fails to notify his decision to the Accountant General within one month or four months, as the case may be, or if he dies before he has notified his decision, he shall be deemed to have elected to contribute on the lower salary or pension.
(Amended, 50 of 1911; 51 of 1911; 12 of 1912, Schedule; 13 of 1912, Schedule; 33 of 1939, Schedule, and 72 of 1967, s. 7)
(2) If such officer does not elect so to continue to contribute upon the higher salary, and contributes on the lower salary or pension, any pension to his widow or children shall be diminished by the amount by which it would have been increased had such officer's salary been increased and not diminished.
(Amended, 51 of 1911; 13 of 1912, Schedule, and 33 of 1939, Schedule)
13. In the case of an officer retiring whose pension is paid on a dollar basis and who elects to contribute on the basis of his former dollar salary, such pension shall be reduced by the amount of the abatement at four per cent of his former dollar salary, and