TNAG-1520-FCO40-2081-Employment-in-Hong-Kong-1986 — Page 58

TAL

Appendix B

Ten years' certain single premium annuity:

Yield of annuity

Number of months final salary needed to purchase annuity

Retirement at 65

Retirement at 60

Rate of return

Rate of return

2.5%

4%

2.5%

4%

Male employee:

(i) 20% of final salary

29.1

26.1

33.3

29.4

(ii) 35% of final salary

50.9

45.8

58.3

51.4

(iii) 50% of final salary

72.8

65.4

83.4

73.5

Female employee:

(i) 20% of final salary

32.6

28.7

37.3

32.2

(ii) 35% of final salary

57.0

50.2

65.2

56.3

(iii) 50% of final salary

81.4

71.8

93.2

80.5

COMERCIAL