d.
amend the composition of the Board of Control of the Subsidised Schools Provident Fund.
"The rules are amended to provide the method of setting off provident fund payment against severance or long service payment to bring them in line with the Employment Ordinance," the spokesman said.
The rules are also amended to keep open a deceased contributor's account automatically for a period up to the third anniversary of the death of the contributor or to the date of the grant of Probate or Letters of Administration, whichever is the earlier.
"Within this period, the annual guaranteed and supplementary dividends will continue to be credited to the deceased contributor's account," the spokesman explained.
At present, the Subsidised Schools Provident Fund Rules do not contain definitions of a special school, code of aid for special schools and the Hong Kong Special Schools Council. Neither are the definitions of the new types of aided schools such as Practical Schools and Skills Opportunity Schools contained in the Rules.
"We take the opportunity to update the rules by including these definitions and a revised definition of the Subsidised Primary Schools Council," the spokesman said.
On the amendment concerning the composition of the Board of Control of the Subsidised Schools Provident Fund, the spokesman pointed out that the amended composition brought in equal number of elected and appointed members, thereby broadening the representation of teachers of primary and secondary schools on the Board.
"The new composition is supported by the present Board of Control, the schools councils and major teacher unions, and will take effect in the next accounting year starting on September 1, 1995," the spokesman said.
End/Wednesday, June 21, 1995
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