T
MEMORANDUM ON HONG KONG PENSIONS.
15-
[The w.ro.
Pennin
law is also unsatisfactory, hn Harding reggeshing that
this also
be re cast
in
named
on
recognised lies]
The Hong Kong Pension Minute differs considerably from the generally accepted form of modern Colonial Pension legislation, and it would be advantageous in many ways, particularly from the point of view of dealing with
cases of officers with "mixed" service, if it could be
re-cast on the lines of one of the recent models, such
as the East African, Fiji or Palestine Ordinances.
Apart however from any general considerations,
there are certain pints in which the present minute is
regarded as unsatisfactory, and which are raised in
various despatches from the Governor.
In particular, the rates of pension for European
officers are considered inadequate, partly owing to the
comparative lowness of the emoluments on which they are based, and partly owing to the method of calculation.
To meet the first point, the Governor proposes
to include the value of free quarters or rent allowance
in pensionable emoluments, and no objection need be raised to this. As regards the second point, the present
rate for Europeans and non-Europeans is 1/720th of salary
for each month of service plus 5/60ths climatic allowance.
Officers may be compulsorily retired at 55. The Governor
points out that under the present regulations an officer
who enters the service at the normal age of 25 must serve
until he is 60 in order to qualify for the maximum 2/3rds
pension. He considers that the regulations should be so framed that the ordinary European officer should be
eligible for approximately a 2/3rds pension on reaching
the normal retiring age. With this in view, he proposes
that each month of service should be counted as two after
completion
No comments yet.
Private notes are available after approval.