TNAG-0697-FCO40-847-Pension-scheme-for-governors-1978 — Page 57

SECTION 4: COMPENSATION FOR GOVERNORS FOR LOSS OF OFFICE

These invisions for compensation

4.1

The arrangements will apply to all Governors appointed by the Secretary of State on permanent and pensionable terms. Theyarrangements will also, apply to the Governors-General of independent Commonwealth countries who assume this-

office immediately following the abolition of their office of Governor of the same

country while it was dependent. Payment of compensation will be at the discretion

of the Secretary of State but, subject to the Secretary of State's discretion, these

-arrangements will apply to Governors serving on, permanent and pensionable terms who

receive on their retirement a pension under the Governors'-Pensions Scheme.

{

4.2

No general table of factors will be drawn up by the Goyernment Actuary but in the case of each Governor coming within the scope of the arrangements he will be asked to calculate the compensation payable on the principles applied to overseas officers

under existing compensation schemes. Thus, in each case, the Government Actuary will

be informed of the pensionable emoluments of the Governor concerned, his age, and the remaining term of his Governorship. If this is due to expire before the age of 55 it will be assumed that other comparable employment up to that age would have been

provided. The Government Actuary will also take account of the value of any additional pension which a pensionable Governor would have earned, his prospect of re-employment and the risk of premature death or disablement. The capital sum which the Government Actuary will then advise to be payable shall be paid in one lump sum since the

Governor's office will have been abolished.

will

4.3 The maximum amount of compensation payable shall normally be the maximum amount payable under the compensation scheme of the territory concerned. This will not normally be subject to income tax in the UK or in the territory concerned.

4.4

Compensation will be payable only to Governors -

who are required to retire because of constitutional changes before the end of the period of their appointment; or

The

ii. who are required to retire on the termination of the normal period

of of their appointment, but before reaching age, 55, because in the opinion of the Secretary of State no further employment can be found for them. No compensation will be payable to a Governor, who, on independence, is invited by the independent government to continue to serve as Governor or Governor- General but declines.

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