TNAG-2667-FCO40-3864-Hong-Kong-Civil-Service-1993 — Page 183

3

III. OTHERS

(A)

Commutation of the Monthly Dependant Pension

Beneficiaries are given an additional option of commuting the monthly dependant pension into a lump Sum Payment in lieu compensation

Sum

the

sum

of

lump the ECO. The lump calculated

granted under

pension will

be

dependant according to commutation factors prepared by professional

30 that it is, at the

actuaries

date of payment, actuarially equivalent to the value of the monthly dependant pension.

(B) Revised Method for the Calculation of

Additional Pension

(C)

The

is

method for the calculation of additional pension

modified S0 that the

of rate additional pension is expressed as the same percentage of the officer's annual pensionable emoluments at

the date of injury, as the degree of

incapacity permanent

resulting from such injury. However, the total amount of additional pension and service pension which an officer may receive at the time of retirement, is, as under the

existing arrangements, subject to a limit of his highest pensionable

five-sixths emoluments.

of

Enhancement of Service Pension on Retirement on Account of Duty-related Injuries

The service pension for officers who have to retire on account of duty-related injury after short service (less than five years) will be enhanced by doubling the length of an officer's pensionable service, subject to a minimum of two years, and a maximum of not exceeding the period of service which the officer would have completed on attaining normal retirement age.

M/ANN-1