(ii) Assume (whether or not that in fact was the case) that the
pensioner had exercised his option under the relevant law to be
paid a commuted pension gratuity at the maximum rate and a correspondingly reduced pension;
(iii) Calculate the amount of the reduced pension;
(iv) Convert the amount of the reduced pension so obtained into
sterling at [the rate of exchange in force on the date on which
the Hong Kong pension was granted] [the average rate of exchange
for 1991 (HK$ 13.76 £1)]. The amount so obtained is the
pensioner's UKPB.
***********
(C) In the case of a pension granted to a dependant of a member
of HMOCS who retired or died during his service after the
publication of the Scheme (other than to windows pensionable
under CAP '94)
(i) identify the salary point and allowances for the substantive
grade of the relevant deceased contributor (or relevant member
of HMOCS) which would, apart from this provision, be taken into
account as the pensionable emoluments of such contributor or
member in calculating the dependant's pension and determine the
salary and allowances appropriate to that salary point of that
grade on 1st January 1992. Calculate the pensionable emoluments
and the dependant's pension by substituting the salary and allowances as at 1st January 1992 for any higher salary
attributable to the contributor or member. The amount so
obtained in respect of the dependant's pension is the dependant's notional Hong Kong pension;
(ii) convert the amount of the NHKP into sterling at the average rate of exchange for 1991 (HK$ 13.76 £1). The amount so
obtained as increased by the increase in the UK retail price
index during the period from 1st January 1992 until the date of
the grant of the pension to the dependant is the dependant
pensioner's UKPB.
4
scheme.pension. ADM.JRB
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