XN000022-1986-01-01 — Page 5

WEDNESDAY, JANUARY 1, 1986

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LONG SERVICE PAYMENT PROTECTION IN FORCE

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THE EMPLOYMENT (AMENDMENT) ORDINANCE 1985, WHICH PROVIDES FOR A LONG SERVICE PAYMENT TO WORKERS DISMISSED BY THEIR EMPLOYERS, COMES INTO OPERATION TODAY (WEDNESDAY).

UNDER THE ORDINANCE, A LONG SERVICE PAYMENT CALCULATED

SHOULD BE MADE BY AN EMPLOYER TO AN

ON YEARS OF SERVICE,

EMPLOYEE WHOSE CONTRACT OF EMPLOYMENT IS TERMINATED FOR REASONS OTHER THAN SUMMARY DISMISSAL, REDUNDANCY OR RESIGNATION.

AN EMPLOYEE MUST SATISFY A MINIMUM QUALIFYING YEARS OF SERVICE BEFORE HE IS ENTITLED TO THE LONG SERVICE PAYMENT. THE REQUIRED NUMBER OF YEARS OF SERVICE IS RELATED TO THE EMPLOYEE'S AGE AS FOLLOWS:

AGE

YEARS OF SERVICE REQUIRED

LESS THAN 41

41

42

43

44

10

9

8

7

6

5

NOT LESS THAN 45

THE LONG SERVICE PAYMENT WILL AMOUNT TO TWO-THIRDS OF A MONTH'S WAGES FOR EACH YEAR OF SERVICE, UP TO A MAXIMUM LIMIT OF 12 MONTHS' WAGES.

FOR DAILY-RATED OR PIECE-RATED EMPLOYEES, THE AMOUNT WILL BE CALCULATED AT THE RATE OF 18 DAYS OF WAGES FOR EVERY YEAR OF SERVICE.

THE AMOUNT OF LONG SERVICE PAYMENT PAYABLE WILL BE REDUCED PROPORTIONALLY IN THE CASE OF YOUNGER EMPLOYEES, AS FOLLOWS:

AGE

NOT LESS THAN 40 YEARS

36 YEARS OR MORE BUT

LESS THAN 40 YEARS

LESS THAN 36 YEARS

AMOUNT OF LONG SERVICE PAYMENT PAYABLE

100 %

75 %

50 %

/UNDER THE