3
III. OTHERS
(A)
Commutation of the Monthly Dependant Pension
Beneficiaries
be
calculated
are given an additional option of commuting the monthly dependant pension into a Jump sum Payment in lieu of the lump sum compensation granted under the ECO. The lump Sum dependant pension will according to commutation factors prepared by professional actuaries 90 that it is, at the payment, actuarially equivalent to the value of the monthly dependant pension.
date
of
(B)
Revised Method for the Calculation of Additional Pension
(C)
M/ANN-1
at
of
The method for the calculation of additional pension is modified SO that the rate additional pension is expressed as the same percentage of the officer's annual pensionable emoluments
the date of injury, as the degree of permanent incapacity resulting from such injury. However, the total amount of additional pension and service pension which an officer may receive at the time of retirement, is, as under the existing arrangements, subject to a limit of highest pensionable
five-sixths
of
his
emoluments.
Enhancement of Service Pension on Retirement on Account of Duty-related Injuries
The service pension for officers who have to retire on account of duty-related injury after short service (less than five years) will be enhanced by doubling the length of an officer's pensionable service, subject to a minimum of two years, and a maximum of not exceeding the period of service which the officer would have completed on attaining normal retirement age.
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