TNAG-0697-FCO40-847-Pension-scheme-for-governors-1978 — Page 197

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

"ION 5:

CLIQULL MON UN IZAN Y WZOLLY OF CAPITAL SUI

M OF TANJEUN CONSTSTING PANTLY OR

5.1

Where part of a pension wider this Schone or the whole or part of any other pension has been commuted by the payment of a capital sum, the yearly amount of

the pension shall be taken to be what it would have họen but for the codmotation; but the yearly amount of any other capital sun paid on or in respect of

retirement shall be taken to be the yearly amount which would actuarially be the

equivalent of that cum, having regard to the expectation of life of the person.

receiving it.

16

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