Part II RULES FOR CALCULATING AND DETERMINING A NOTIONAL HONG KONG PENSION AND ITS STERLING VALUE

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. Head 11(c) rev. in pt. by Hong Kong (Overseas Public Servants) (Pension Supplements) 1998 art.3(b)(i)
Sch. Head 11(c) rev.in pt. and amended by Hong Kong (Overseas Public Servants) (Pension Supplements) 1998 art.3(b)(ii)
Sch. Head G rev. and replaced by Hong Kong (Overseas Public Servants) (Pension Supplements) 1998 art.3(a), Sch.
Sch. Head 1.2 amended by Hong Kong (Overseas Public Servants) (Pension Supplements) 1998 art.3(c)
Sch. Head 11 (c) am. (Head I am) by Hong Kong (Overseas Public Servants) (Pension Supplements) 1999 art.3

To calculate the sterling value of the officer’s notional Hong Kong pension:

(a)

Identify the officer’s salary point and allowances appropriate to his substantive grade at the date taken into account to determine his basic pension under the relevant law;

(b)

Determine the salary point and allowances appropriate to the salary point of that grade on 1st January 1992; this will produce the officer’s notional Hong Kong pensionable emoluments;

(c)

(i)

Calculate, in accordance with the relevant law, the officer’s pension on the notional Hong Kong pensionable emoluments; and

(ii)

If the officer commuted or commutes any part of his Hong Kong pension, or his pension has been or is reduced by an appropriate authority under the relevant law, calculate, in accordance with the relevant law, the reduced pension on the notional Hong Kong pensionable emoluments as if the like proportion had been commuted of, or the like reduction made in, a pension as calculated in paragraph (c)(i) in respect of the notional Hong Kong pensionable emoluments;

(d)

Divide the pension or reduced pension as calculated in paragraph (c)(i) or (c)(ii), as appropriate, by 21; the resulting sum will be denominated in pounds sterling;

(e)

Save as provided in paragraph 2 of Part I of this Schedule, increase the sum obtained at paragraph (d) of this Head in April of each year up to the date on which a calculation is to be made to determine whether a supplementary payment is payable under paragraph 5 of this Order by the appropriate percentage increase rate obtained from the relevant Pensions Increase (Review) Order, as if the sum so obtained were a pension beginning on the 8th April 1991;

(f)

The sum obtained in paragraph (d) of this Head as increased in accordance with paragraph (e), so far as the latter is applicable, is the sterling value of the pensioner’s notional Hong Kong pension;

(g)

Divide the sterling value of the pensioner’s notional Hong Kong pension by 12 to obtain the monthly rate of such sterling value.

3Head C: Specified officers who retire before the coming into force of this Order from United Kingdom service who, on such retirement, are awarded a pension under a relevant law of Hong Kong in respect of their service in Hong Kong