TNAG-2269-FCO40-3268-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1991 — Page 203

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09:54

ODA EASTKILBRIDE

NO.004

002

COMPARISON ÓF COMPENSATION PAYMENTE BEATSEN

HONG KONG

KONG AND

ເນ

Administration Officer Staff Grade C (point D2 on the Directorate pay

scale)

Salary maximum (wef 1/4/91 pay revision)

HK$828,600 pa

Exchange rate used for conversion

4

HK$13.5 to £1

Example 1

Age at retirement - 45

Length of service 20 years

(a) Compensation Payment due under Hong Kong Scheme (factor taken from

table IB - officer with retirement age of 60 superceded for promotion)

HK$ 828,600 x 1.88

HK$1,557,768.00

£ 115,390.22

(b) Compensation payment which would be payable using factor from a

'traditional' general compensation scheme

HK$ 828,600 x 3.67

HK$3,040,962.00

=

£ 225,256.44

Chief Inspector in the Royal Hong Kong Police Force Salary maximum (wef 1/4/91 pay revision)

Exchange rate used for conversion = HK$13.5 to £1

Example 1

Age at retirement

Length of service

= 45

20 years

HK$442,260.00 pa

(a) Compensation Payment due under Hong Kong Scheme (factor taken from

table IB officer with retirement age of 60 superceded for promotion)

-

HKS 442,260 x 1.88

1

HK$ 831,448.80

£

61,588.80

(b) Compensation payment which would be payable using factor from a

'traditional' general compensation scheme

HK$ 442,260 x 3.67

!1

HK$1,623,094.20

120,229.20