Kim
ཞེས?
28/04/92
15:16
ODA EASTKILBRIDE
NO. 017
!
3
With the overall proviso that the total compensation payment must not
to more than 3 years pensionable pay.
9.
In the above example, the compensation would be calculated using the first alternative: reckonable service minus 5 years (rather than reckonable service after age 30 which comes to 15). So the lump sum
would be:
#26,121
12
X 15
-
#32,651.25
PLUS
#26,121
X 10 - #21,767.50
12
PLUS
#26.121
X 10 = #21,767.50
12
10.
#76,186.25
Check: #26,121 x 3 = #78,363 Lump sum does not exceed
龠
Special arrangements apply to Civil Servants with less than two years qualifying service.
CATEGORY D enables management to invite individuals under 50 to retire early on gounds of limited efficency or to assist with staff restructuring but there is no element of compulsion.
12. Civil Servants with 2 or more years qualifying service would receive a preserved pension and lump sum which are both payable when he reaches 60. These benefits are calculated in the normal way, ie the pension is based on 1/80th of pensionable pay for every year's reckonable service, and the lump sum is equal to 3 times the pension.
13. In addition to these preserved benefits an immediate single compensation payment is payable. Subject to the total not exceeding 2 years pensionable pay, the Civil Servant would receive:
2 weeks pensionable pay for each of the first 5 years of reckonable service; PLUS
3 weeks pensionable pay for each year of the next 5 years of reckonable service; PLUS
4 weeks pensionable pay for each year of reckonable service after the first 10 years; PLUS
2 weeks pensionable pay for each year and part year of reckonable service after his 40th birthday.
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