TNAG-2687-FCO40-3889-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1993 — Page 121

(vii) THE STERLING VALUE OF THE OFFICER'S HK PENSION INCREASED

UNDER (vi) WILL BE DIVIDED BY 12 TO OBTAIN THE MONTHLY RATE SO THAT THE APPROPRIATE LEVEL OF SUPPLEMENT CAN BE CALCULATED FOR THE MONTH IN WHICH A PAYMENT MAY BE DUE.

2. CALCULATION OF OFFICER'S ACTUAL GROSS PENSION INCOME

(i) THE OFFICER'S ACTUAL PENSION INCOME WILL BE THE SUM OF:

(a) THE STERLING VALUE OF THE BASIC HK PENSION;

(b) THE STERLING VALUE OF ANY HK PENSION INCREASES ON

THAT PENSION; AND

(c) THE AMOUNT OF PENSION SUPPLEMENT PAYABLE UNDER THE

ANY REGULATIONS MADE UNDER SECTION 11(1) OF THE PENSIONS INCREASE ACT 1971 IN RESPECT OF THE HK PENSION.

THE STERLING VALUE OF 2(1)(a) AND 2(i)(b) WILL BE DETERMINED USING THE MIDDLE RATE IN THE OFFICIAL EXCHANGE MARKET BETWEEN THE HK DOLLAR AND STERLING OF EACH MONTH THE PAYMENT IS DUE

3. CALCULATION OF SUPPLEMENT PAYABLE UNDER THE SCHEME

(i) THE SUPPLEMENT PAYABLE UNDER THE SCHEME WILL BE THE

DIFFERENCE, IF ANY, BETWEEN THE MONTHLY RATE OF THE OFFICER'S NOTIONAL HK PENSION AND THE OFFICER'S ACTUAL MONTHLY PENSION INCOME FOR THE MONTH IN WHICH THE SUPPLEMENT IS DUE.

(ii) WHERE THE OFFICER'S ACTUAL PENSION INCOME, CALCULATED UNDER 2(i) ABOVE, EXCEEDS HIS NOTIONAL HK PENSION NO SUPPLEMENT WILL BE PAYABLE UNDER THE SCHEME FOR THAT MONTH.

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