25-AUG-1992
16:44
C.S.B. (2) 8685069
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+852 524 3164
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2.2 ANNEX XTI
APEENDIX 5
Pensions are payable nosthly in arrears. Where a pepcioner wishes his pension to be paid to his bank accourt in Hong Kong, it is in his interest to have a bank account in his sole name and complete and return all the forms as requestad by the Treasury.
His pension will then be credited to his bank account on the first working day of each month and he will only be required to complete a claim for each year rather than each month. Where the pensioner does not wish to comply with the above conditions, he may still have his pension paid to his bank account, He will in these circumstances be required to complete a claim for not earlier than the last day of each month or period in respect of which the pension is claimed, Payment of pension will then be credited to his bank account approximately 10 days after receipt in the Treasury of hic. claim form.
Where a pensioner is paid in cash, no person may collect the pension on his behalf unless as a result of ill health he is
In these circumstances, nnable to collect the pension himself. the pensioner should complete an Authorisation Form (Try. 65A)
· and arrange to have it certified by a medical practitioner. The person so authorised by the pensioner to collect the pension on his behalf shall then present the Autorisation - Form to the shroff of the paying office at which the pensioner normally collects his pe 1ɛion.
To ensure prompt payment of re :irement benefits, the following steps should be closely followed
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(a) Twelve months befor: an officer is due to retire, his
Head of Department should request him to fit the date.: of his retirement au scon as possible and alvise him that late notificat:.on of the date of retir sent may result in late payment of his retirement be le fits.
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· (b) Two months before an officer is dus to procued on pre-.
retirement leave (o: three months before if he has less than one month's leave balance), he should be asked to make the options under Fersions Regulation :3(1) or Pozsicar Regulation 26(5) and/or Pensions Pegulation 28(1) and also to advise the method of payment of his retirement: benefits. He shouls, agair be advised that (ny delay in furnishing the quirec infórmation may delay the payment of his retirement benefita.
(e) Once an officer has made his option, his Ford of Department should complete Fart I of G.F. 29 (pension japer) and . forward it to the Director of Accounting services at least two months before the effectiro date of his retirement. After submission of the G.F. 29 to the Director of Accounting Services, the bead of Department should bring up the case 3 weeks before the officer is due to retire to check whether or not payment of retirement benefits has been approved. If not, he should contact the Treasury Pensions Section by telephone to ascertain the position.
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(Amendment No.68(x) /82)
Page 150Page 151
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