following rates of exchange:
* If the officer retired on or before 30 June 1976
£1 HK$8.8137.
If the officer retired after 30 June 1976 the rate of exchange on his last day of service.
This produces the officer's "notional HK pension" as at the date of his retirement which would be increased annually using UK PI inflators as though it was an official pension, as defined in the PIA71, beginning on the same date as that used, or would have been used, to determine his pension supplement entitlement, if any, under any Regulations made under Section 11 of the PIA71.]
E. Officers who retire on pension (unreduced or reduced) from other Scheduled service after the operative date of the Scheme.
Multiple service, eg HK -> Home
[Follow the rules for D. above except that the rate of
exchange to be used to determine the officer's "notional HK pension" will be that prevailing on the operative date of the Scheme or his date of retirement, whichever is the most beneficial.]
F. Officers who retire from other Scheduled service after the operative date of the Scheme who opt to commute part of the HK pension in favour of a gratuity.
-> Home
Multiple service, eg HK ->
[Calculate the officer's "notional HK gratuity" by
following the rules for D. and E. above.]
G. Officers who retire on pension (unreduced or reduced) from other Scheduled HK service before 1 January 1992.
Multiple service, eg HK -> HK Polytechnic
[Calculate the officer's "notional HK pension" by following
the rules for A. above.]
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