40
THE HONGKONG GOVERNMENT GAZETTE, 17TH JANUARY, 1891.
damage to the Fund may be reasonably entertained. It is probable that a liberal construction of such a Rule would not operate adversely to the general interests, provided that some means be adopted of check- ing this election in the case of the higher officials, where the pensions would generally be above the average,
Pensions to Widows and Children of such members as may have joined the Public Services of other Colonies.
5. The widow's pension should be based upon the estimated` acquired interest that such transferred member takes in the then exist- ing Fund at the date of his removal. This interest may, until the financial position of the Fund has been determined by a Valuation be assessed as shown below. Upon the occasion of the Valuation then next ensuing, and upon all future Valuations, the interest as above estimated, and others emerging between the periods of Valuation, should be determined or adjusted as the circumstances disclosed by such investigations may require, and according to the advice of the Actuary or Actuaries reporting.
6. The following Rules are applicable only up to the time of the first Valuation and they should be re-settled on the occasion of each Valuation by the Actuary, or Actuaries, then reporting :-
IF SUCH MEMBER BE A BACHELOR AT THE TIME OF HIS
TRANSFER.
First Wife: His interest in the Fund should be taken as then, and according to Rule 9 A; and this amount should be further accumulated at 6 per cent. compound interest from the time of such transfer until his first marriage: and the pension that the widow thence arising is entitled to should be computed by the same Rule-regard being had to the cessation of further contributions, and to the accretion only of 6 per cent. compound interest upon the estimated assessed interest at the time of transfer.
EXAMPLE: Thus, if thtal contributions of such meinber during bachelor.ood and up to the time of transfer amount at interest to $200, and if this sum, when further accumulated at 6 per cent. compound interest, amount to $300 by the time of his first marriage, and if the ages of himself and wife at marriage are 30 and 20 respectively, then $300 × -2927 $87.8 wife's pension.
Second Wife: Take the pension as above determined, and multiply it by the quantity found in Table C corresponding to the respective ages of the husband and that of his late wife at the time of the husband's second marriage; multiply this last product by the quantity found in Table A corresponding to the respective ages of the husband and his second wife at the time of their marriage (vide art. 1 C.)
EXAMPLE: Thus, if at the date of re-marriage the age of such husband's first wife would have been 35, his own age is 45, and that of his second wife is 30, then, if the pension to which the first wife if alive would have been entitled to, as found above, be $87-8, then
$87-8 × 3777 × 2453
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$81.3
second wife's pension.
Third, &c., Wife: For a third, or subsequently taken wife, take the pension for the last existing wife and proceed to adjust it in the manner shown for the case of the second wife.
7. IF SUCH MEMBER BE MARRIED, OR A WIDOWER, AT THE
TIME OF HIS TRANSFER.
The widow's pension attaching to his then wife, or his sup- posed wife (if he be a widower) should be abated by just the amount that it would be increased corresponding to the amount of contributions that such member will cease to pay upon transfer from the Public Service of the Colony, and according to the principles laid down in art. 4. Again, this abated pension should be adjusted upon re-marriage, in the manner shown in art. 6, corresponding to the then ages of the husband and wife.
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