Part III RULES FOR CALCULATING AND DETERMINING A NOTIONAL HONG KONG GRATUITY 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 an officer’s notional Hong Kong gratuity:

(a)

Calculate the officer’s unreduced notional Hong Kong pension in accordance with HeadA, paragraphs (a), (b), (c) (i), (d) and (e);

(b)

Apply the provisions of the relevant law to the unreduced notional Hong Kong pension to calculate the gratuity in accordance with the option exercised by the officer as if it were the pension to be taken for the purpose under the relevant law;

(c)

The sum obtained at paragraph (b) of this Head is the sterling value of the officer’s notional Hong Kong gratuity.