TNAG-0608-FCO40-756-Planning-paper-on-progress-made-on-social-security-in-Hong-K-1977 — Page 144

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;

and an allowance representing an investment

return for this period in the scheme.

The

details would require actuarial advice, because

he would have already received the 'benefit of

protection during his period of membership of

the scheme. An employee could subsequently

rejoin, but he would have to wait a further

six months to be eligible for sickness and

injury benefits (see b(i) below).

b) Benefits

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·

i) The sickness and injury benefit would be paid

in respect of the second, third and fourth

months away from work (the first month being regarded as

covered by sickness allowance payable under Λ

the Employment Ordinance) to any person who

had been a member for at least 6 months. To

qualify, a medical certificate would be

necessary.

ii) The amount of sickness and injury benefit

might be half normal pay excluding overtime

(half monthly pay for monthly paid staff and

13 days pay for daily paid staff) subject to '

an earning maximum. Those earning over the

maximum could still join, but their contribu-

tions and benefits would be limited by

reference to the prescribed maximum.

iii) If the member died before age 60, a lumpsum

death benefit would be payable. On the

evidence available from the operation of grant

and subsidized schools provident funds (with

5% contribution from both employer and

up t

employee) a lumpsum ofcix months pay may be possible.