CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 114

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

109

required. There must be first the code of rules governing the general constitution of the system, such as that each member shall contribute 4% of his salary or pension for a certain number of years, that Government will pay a given rate of interest upon the balances that widows' pensions are to cease on re-marriage, and so on. Secondly, it is necessary to have a table of mortality showing at what ages the contributors and pensioners will die if an average is taken of a large number of individuals. Lastly, from the mortality table and the rules there are deduced by actuarial methods the rates of pension which can properly be paid to the widows or orphans of contributors to the Fund, and these pension rates are embodied in pension tables from which, given the amount of contribution and the respective ages of husband and wife, the pension of any individual beneficiary can be ascertained by a more or less simple arithmetical

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109 required. There must be first the code of rules governing the general constitution of the system, such as that each member shall contribute 4% of his salary or pension for a certain number of years, that Government will pay a given rate of interest upon the balances that widows' pensions are to cease on re-marriage, and so on. Secondly, it is necessary to have a table of mortality showing at what ages the contributors and pensioners will die if an average is taken of a large number of individuals. Lastly, from the mortality table and the rules there are deduced by actuarial methods the rates of pension which can properly be paid to the widows or orphans of contributors to the Fund, and these pension rates are embodied in pension tables from which, given the amount of contribution and the respective ages of husband and wife, the pension of any individual beneficiary can be ascertained by a more or less simple arithmetical

Baseline (Original)

109 required. There must be first the code of rules governing the general constitution of the system, such as that each member shall contribute 4% of his salary or pension for a certain number of years, that Government will pay a given rate of interest upon the balances that widows' pensions are to cease on re- marriage, and so on. Secondly, it is neces- sary to have a table of mortality showing at what ages the contributors and pensioners will die if an average is taken of a large number of individuals. Lustly, from the mor- tality table and the rules there are deduced by actuarial methods the rates of pension which can properly be paid to the widows or orphans of contributors to the Fund, and the se pension rates are embodied in pension tables from which, given the amount of contribution and the respective ages of husband and wife, the pension of any individual beneficiary can be ascertained by a more or less simple arithmetical -

2026-06-02 10:59:13 · Baseline

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109

required. There must be first the code of

rules governing the general constitution of

the system, such as that each member shall

contribute 4% of his salary or pension for a

certain number of years, that Government will

pay a given rate of interest upon the balances

that widows' pensions are to cease on re-

marriage, and so on. Secondly, it is neces-

sary to have a table of mortality showing

at what ages the contributors and pensioners

will die if an average is taken of a large

number of individuals. Lustly, from the mor-

tality table and the rules there are deduced

by actuarial methods the rates of pension

which can properly be paid to the widows or

orphans of contributors to the Fund, and the se

pension rates are embodied in pension tables

from which, given the amount of contribution

and the respective ages of husband and wife,

the pension of any individual beneficiary can

be ascertained by a more or less simple

arithmetical

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