CO129-511-4 Application for posts at University of Hong Kong- payment and conditions of Service 28-4-1928 - 6-9-1928 — Page 100

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quarters available for married members of the staff is

insufficient, and house allowances are at the rates fixed

by the Council, some regard being had to the rate at which

corresponding allowances are fixed in the Government service.

Quarters in the University compound carry free water and (up

to a reasonable maximum) free electric light.

There is at present no income-tax, in the Colony and

there are no rates or taxes in the usual English sense.

All salaries are subject to a deduction of 5% in respect

of superannuation, to which the University adds 10% of the

salary. The fund thus formed may, at the option of the

member of the staff be accumulated either in dollars or in

sterling, the rate of interest in the first case being 6%

per annum, with half-yearly rests, and in the second case 5%

per annum, but the sterling figure may in certain events

be subject to reduction. The entire sum accumulated can be

withdrawn on retirement, either at the end of a contract

other than the first or after the completion of 15 years'

service or on attaining the retiring age of 60, or from ill-

health, or on leaving, with the consent of the Council, to

take up another appointment. It is equally payable in case

of death. In other cases, a member of the staffs own

accumulated contributions are alone payable. Facilities are

offered for keeping down premiums on life policies out of

superannuation contribution. The exact details of the scheme

are to be found in the superannuation regulations. There is

a general age limit for retirement of 60 years. A member of

the staff serving on a permanent contract can retire at any

time on giving six months' notice.

Other conditions of service are intended to be governed

by general regulations, liable to alteration fran time to

time by the University Council.

There

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