TNAG-2397-FCO40-3484-Hong-Kong-Civil-Service-policy-1992 — Page 121

WHAT IS MY POSITION IF I

DO NOT HAVE AN ENTITLEMENT TO

PRESERVED BENEFITS.......

13

WHAT HAPPENS TO THE

WIDOWER'S, INVALIDITY

OR DEPENDANTS' PENSION

FOR WHICH I HAVE

CONTRIBUTED

VOLUNTARILY?.

14

WHAT HAPPENS TO THE

TRANSFER VALUE IN MY NEW SCHEME OF IN A

SECTION 32 POLICY?........................................

15

IS IT TO MY ADVANTAGE

TO HAVE MY BENEFITS

TRANSFERRED?..............

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Club transfer.......

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Non Club transfer..

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TRANSFER FROM

THE PCSPS ON

LEAVING THE SCHEME

OPTING OUT OF THE PCSPS

IF I OPT OUT OF THE PCSPS CAN I TRANSFER MY PCSPS BENEFITS?..

WHAT IF I LATER REJOIN

THE PCSPS?.............

21

22

.....

22

CAN I GET FURTHER

INFORMATION?.

23

TIME LIMITS...........

24

OTHER TITLES IN SERIES

inside

back

cover

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INTRODUCTION

General

This booklet has been written as a short guide to your option on transferring your pension rights out of the Principal Civil Service Pension Scheme (PCSPS).

Care has been taken to ensure that it is accurate but nothing can override the rules of the scheme. These are reproduced in the Pay and Conditions of Service Code, a copy of which is held by the superannuation branch of your department. If you are in any doubt about how the rules affect you, go there for guidance.

In this booklet the term "scheme" includes an occupational pension scheme, a personal pension scheme and a self- employed pension arrangement. A general reference to a scheme means any of the above unless otherwise qualified. A reference to your new scheme should be read as whichever of the above is appropriate to you.

Arrangements exist for the transfer of benefits into the PCSPS. These are described in the booklet "Transferring Your Pension Rights into the Principal Civil Service Pension Scheme".

Your choices on changing jobs

If you change jobs on or after 1 January 1986, you will have a choice about what to do with any pension benefits that you have accrued in the PCSPS. If the conditions set out in the PCSPS are fulfilled, the choice is between:

-leaving the benefits that you have

earned in the PCSPS to be preserved for payment at the retiring age, if you have the necessary qualifying service,

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