TNAG-0916-FCO40-1127-Policy-on-salaries-and-pensions-for-civil-servants-in-Hong-K-1979 — Page 196

2

(

3.

(ii) the rate in excess of $125 a month at which they were

contributing on the date they excroised that option (1.e the option under Subsection (5)), but consequent upon the retrospective revision would be liable for higher rates of contribution from or prior to the date they exercised the option or options.

Officers in the group mentioned in paragraph 2(a) may within three months from 19th July, 1979 (the date of Civil Service Branch Circular No. 18/79) opt to limit their contribution to $125 a month from the date they first became liable to contribute on their revised salaries at a rate exceeding $125 a month. This option should be exercised by completing an option form (specimen attached) and forwarding it to reach the Treasury not later than 18th October 1979. The time limit for officers belonging to the group mentioned in paragraph 2(b) will be three months from the date they first become liable to contribute on their revised salaries at a rate in excess of 125 a month. These time limits apply equally to officers outside Hong Kong and you should therefore airmail copies of this Circular Memorandum to such officers.

4.

Officers in the group mentioned in paragraph 2(c) above will not be required to take any section, affect will be given under the revised salaries to the option or options they have already exercised by adjusting the effective date

(a)

of options, limiting contribution to 125 a month, exercised under Subsection (1), to the date the officer would first become liable to contribute at a rate in excess of $125 a month on his revicud solary; and

(b) of options exercised under Subsection (5), to the date the

officer would first become liable to contribute at a rate exceeding that to which he opted to limit his contributions.

The effect of these adjustments in dates will in every case be to increase the relevant registered or potential registered pensions.

5.

6.

(a) Officers in the group mentioned in paragraph 2(a) and 2(b)

will have contributions deducted at the rate of 4% of their pensionable emoluments in the first instance. Retrospective adjustments will be made in due course for those officers who within the time limits mentioned in paragraph 3 opt to limit their contributions.

(b) Contribution adjustments for officers in the group mentioned

in paragraph 2(c) will be made in their salaries for the month of August, 1979.

For case of reference, the relevant parts of Section 8 and Section 32 of Cap. 94 are reproduced below:-

8.

(1) Subject to the provisions of sections 31 and 32, a monthly abatement of four per cent shall be made from the salary or pension of every officer, and such abatements shall be credited to the general revenue;

X

X

X

X

X

X

X

X

X

X

/32..

....