Comparative pension benefits under
the New Pension Scheme for Judicial Officers and the old pension scheme
܂
New Pension Scheme under the Pension Benefits (Judicial Officers)
Ordinance and Regulations 1988
Old Pension Scheme under the Pensions Ordinance and Regulations, Cap. 89
For a judicial officer confirmed to pensionable establishment retiring from service after completion of 10 years' service or more
Unreduced
annual
pension
=
Annex C
Highest annual pensionable emoluments x
pensionable service in months x
1
Unreduced
annual
675
Highest annual pensionable emoluments x
pensionable service in months x
1
600
pension
(subject to a maximum of 2/3 of highest
pensionable emoluments. Pensionable service deemed to be increased by one month for each completed month of service in a judicial office which is both after age 50 and after 1.7.1987)
(subject to a maximum of 2/3 of highest
pensionable emoluments. No deemed increase in pensionable service)
If he opts to commute 50% of annual pension into a lump sum, he will receive
If he opts to commute 25% of annual pension into a lump sum, he will receive
Commuted
Unreduced annual pension x 25% x 14
Commuted
= Unreduced annual pension x 50% x 14
pension
gratuity
pension gratuity
plus
plus
Reduced annual pension
Unreduced annual pension x 50%
Reduced annual pension
Unreduced annual pension x 75%
/p. 2
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