CO129-374 - Public Offices & Others - 1910 — Page 623

606

*

(in total) derived from the use of the Ceylon Tables alone, the black ink figures will never fall below those in red ink. (And similarly) as

to prospective pensions which have become actu- ally payable pensions since the 31/12/1900. The

prosp-active pensions (black and red) will ge

furnished in total only. The prospective pen- sions will be diminishedintotal (according to

the ordinance) in consequence of any reduction

of salary and the reduction thereupon of contribu-

tion.

A hypothetical example will make the matter

clearer.

*

(1) A man aged x entered the fund with a wife

aged y.

He paid a contribution of Sa on his

salary, and thus secured, according to the former

Tables, a prospective family pension of £b.

(2) at that date, for those ages, and for that

annual contribution, the prospective pension by

the Ceylon Table' would have been £(b + c) or

greater than that given by the old Tables.

3. b years after entry and at the respective

ages of ■ + 5 and y + 5, he received an increase

of salary and then paid upon that increase an

additional yearly contribution of £asecuring at

(1) that date and for those ages, a further pro-

spective pension of £d according to the old

Tables.

(4) at the same date and for those ages, this

further

*Appended to Ordinance 15 of 1908.