CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 124

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

119

wholly to the benefit of members of the fund in the shape of increases to the prospective pensions of the widows and orphans of the contributors to the fund at the date of the valuation, and of former contributors who had ceased to contribute on attaining the age of 65 or on leaving the service, as well as of increases to the existing pensions of the widows and orphans of those who have died since the 31st of December 1900, the date of the last valuation in such shares and proportions as shall be recommended by the Actuary.

Whether the members of the Fund have any legal claim under the original ordinance to participate in the whole or indeed in any part of such surplus may be a matter of argument. It was however recognized that if the Government took over the Fund it was desirable that the contributors should not feel that they had

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119 wholly to the benefit of members of the fund in the shape of increases to the prospective pensions of the widows and orphans of the contributors to the fund at the date of the valuation, and of former contributors who had ceased to contribute on attaining the age of 65 or on leaving the service, as well as of increases to the existing pensions of the widows and orphans of those who have died since the 31st of December 1900, the date of the last valuation in such shares and proportions as shall be recommended by the Actuary. Whether the members of the Fund have any legal claim under the original ordinance to participate in the whole or indeed in any part of such surplus may be a matter of argument. It was however recognized that if the Government took over the Fund it was desirable that the contributors should not feel that they had

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119 wholly to the benefit of members of the fund in the shape of increases to the pros- pective pensions of the widows and orphans of the contributors to the fund at the date of the valuation, and of former contributors who had ceased to contribute on attaining the age of 65 or on leaving the service, as well as of increases to the existing pensions of the widows and orphans of those who have died since the 31st of December 1900 the date of the last valuation in such shares and pro- portions as shall be recommended by the Actuary. Whether the members of the Fund have any legal claim under the original ordinance to participate in the whole or indeed in any part of such surplus may be a matter of argu- ment. It was however recognized that if the Government took over the Fund it was desirable that the contributors should not feel that they had I

2026-06-02 11:00:15 · Baseline

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119

wholly to the benefit of members of the

fund in the shape of increases to the pros-

pective pensions of the widows and orphans

of the contributors to the fund at the date

of the valuation, and of former contributors

who had ceased to contribute on attaining the

age of 65 or on leaving the service, as well

as of increases to the existing pensions of

the widows and orphans of those who have died

since the 31st of December 1900

the date of

the last valuation in such shares and pro-

portions as shall be recommended by the

Actuary. Whether the members of the Fund have

any legal claim under the original ordinance

to participate in the whole or indeed in any

part of such surplus may be a matter of argu-

ment. It was however recognized that

if the

Government took over the Fund it was desirable

that

the contributors should not feel that they

had

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