BONG KONG HMOCS GENERAL COMPENSATION SCHEME
FULL. FACTORS: REQUIRED TO RETIRE AGE 55
COMPENSATION AND CAP UPRATED AT 4% RPI DURING DRAWDOWN
Name AN OTHER
Dept SEC
Dob
Began service
01-Dec-58
23-Aug-81
Service ends 30-Jun-2001
EXAMPLE 2.
Max salary (pm)
69,050
Max salary (pa)
828,600
Exch rate
13.7609
£60,214
Uprate at 4% RPI
01-Apr-91
01-Apr-92
01-Apr-93
01-Apr-94
01-Apr-95
01-Apr-96
01-Apr-97
Emoluments
£60,214
£62,673
£65,128
£67,733
£70,442
£73,260
£76,190
Compensation
£257,716
£268,025
£278,746
£289,896
£301,492
£313,551
£326,093
Cap
£120,000
£124,800
£129,792
£134,984
£140,383
£145,998
£151,838
Operative date
30-Jun-97
01-Jul-98
01-Jul-99 30-Jun-2000 30-Jun-2001
Service
15.9
16.9
17.9
18.9
19.9
Age
Years
38
39
40
41
42
Mouths
7
7
7
7
7
Factors
4.28
4.2
4.08
3.94
3.76
42
4.MR
1.94
3.76
3.52
4.233
4.130
3.998
3.835
3.620
Emolumente
Compensation
£76,190 £326,093 £339,137
£79,238
£82,407
£85.703
989,132
£352,703
366,611
1361,485
Cap
£151,838 £157,912
£164,228
£170,797
£177,629
COMPENSATION
Installment
£65,219
£68,480
£73,001
£80,055
£80,055
Interest
£13,044
£10,272
£7,300
£4,003
Balance
£260,875 £205,439
£146,003
£80,055
CAP
Installment
£30,368
31.886
£33.997
$37,776
£37,276
interest
20,074
14,785
23,399
£1,504
Balance £121,471
£95,658
£67,983
£37,276
Payment
£30,368
£37,960
£38,774
£40,675
£39,140
Compensation
£170,797
Interest
£16,119
Total
£186,917
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