TNAG-2687-FCO40-3889-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1993 — Page 19

EXAMPLE 4

OFFICER RETIRES ON OR AFTER 1 JANUARY 1992 FROM HONG KONG [MIXED SERVICE]

ACTUAL PENSION AND GRATUITY

Salary HK$ 25,000 at retirement. 400 months service.

Emoluments: For HK HK$ 500,000 For UK HK$50,000

Hypothetical HK pension:

400

600

x HK$ 25,000 = HK$ 16,666.66

Actual HK pension:

OR

HK$ 500,000

x HK$ 16,666.66 HK$ 15,151.51

w

HK$ 550,000

3/4 x HK$ 15,151.51 - HK$ 11,363.63

PLUS Gratuity of HK$ 3,787.87 x 14 = HK$ 53,030.29

NEW SCHEME

Equivalent salary at 1 Janaury 1992 HK$ 10,000

Hypothetical pension formula:

400

X HK$ 10,000 HK$ 6,666.66

600

Actual HK pension:

HK$ 500,000

x HK$ 6,666.66 HK$ 6,060.60

HK$ 550,000