5400-1906-Bill-read-a-first-time--Widows-and-Orphans-Pension-Fund-Amendment- — Page 5

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THE HONGKONG GOVERNMENT GAZETTE, OCT. 26, 1906.

A. TO C.--CALCULATION OF REGISTERED

PENSIONS.

The calculation of the amount of the pension that will or may become payable at the death of a contributor should not be delayed until such death has actually occurr- ed; but a register should be kept in which full particulars respecting each contributor should be entered, and in this register should be recorded against every married and widower contributor the amount of the pension which would become payable should he die immediately, leaving a widow or orphans entitled to such pension. The amount of the pension per annum SO entered in the register against a contributor, or in other words, his "registerep pension" should be calculated (and re-calculated as often as may be necessary) in accordance with the following Rules:-

A.-PUBLIC OFFICER WHO COMMENCED TO CONTRIBUTE WHILE A BACHELOR. NOTE. No registered pension is to be recorded unless

and until the bachelor contributor marries.

I-FIRST WIFE'S PROSPECTIVE PENSION.

NOTE. The registered pensiou to be recorded on marriage is found by adding together the two amounts calculated in accordance with the follow- ing Rules I. (a) and I. (6) re-pectively.

(x) Pension in consideration of the contributions paid during bachelorhood,

RULE 1. (a).—Accumulate the contributions at 6 per cent. compound interest, with yearly rests at each 31st December, and multiply the result by the quantity found from Table A corresponding to the respective ages next birthday of the husband and wife at the date of marriage.

The product gives the registered pension on account of the contributions paid during bachelorhood.

(B) Peusion in consideration of the annual contribution current ai the date of marriage.

NOTE.

The amount of the current annual contribution is obtained by multiplying by 12 the amount of the last monthly contribution, s

*

RULE I. (6). Turu to the section of Table B which contains in the heading the age of the husband at the date of completion of his period of contribution ; and multiply the amount of the current annual contribution by the quantity found from that see- tion corresponding to the respective ages next birthday of husband and wife at the date of marri- age.

The product gives the registered pension on account of - the annual contribution current at the date of marriage.

EXAMPLE of the application of Rules L. (7) and I. (b).

Officer born on

.31st July, 1858.

Do. commenced to contribute

011

Do. married on

Annual Contribution, 1st April,

1884, to 31st December, 1886

Annual Contribution, Ist Jan-

uary, 1887, to date of marriage

Date of completion of contribu-

tion period

Wife born ou

1st April, 1881.

.30th June, 1888.

.$ 20

.8.30

Officer's age next birthday at

Do.

date of marriage

1st April, 1919.

.81st August, 1869.

.30.

do. completion of contribution period ......51.

Wife's age next birthday at date

of marriage

.20.

1865

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