| |
Type of Benefit |
Formula |
| 1. |
Derivative pension shall be paid or be payable |
|
| (a) |
for a period of 12 1/2 years from the date immediately following the date of death in service of the officer on or after the 1st July 1980; or |
1/600 X number of months of reckonable service (subject to not more than 300 months) X corresponding last drawn salary; but the amount of derivative pension, as adjusted, which is paid or payable on the death of the officer in service shall not be less than 1/5 of the officer's corresponding last drawn salary |
| (b) |
Where the death of the officer in service or in retirement had occurred within a period of 12 1/2 years prior to the 1st July 1980, for a period (commencing from the 1st July 1980) which is the difference between the period of 12 1/2 years and the period during which derivative pension had been paid or payable prior to the 1st July 1980; or |
| (c) |
where the death of the officer occurs within a period of 12 1/2 years from the date of his retirement on or after the 1st July 1980, for a period which is the difference between the period of 12 1/2 years and the period during which the officer had been in retirement; or |
| (d) |
where the death of the officer in retirement had occurred within a period of 12 1/2 years prior to the 1st July 1980, for the period (commencing from the 1st July 1980) which is the difference between the period of 12 1/2 years and the period during which the officer had been in retirement; and |
| (e) |
for life (commencing on or after the 1st July, 1980 |
70% of amount paid or payable under subparagraph (a), (b), (c) or (d) of this paragraph |
| (i) |
after the expiry of the appropriate period for the payment of derivative pension under subparagraph (a), (b), (c), or (d) of this paragraph; or |
| (ii) |
where the death of the officer in service or in retirement had occurred before a period of 12 1/2 years prior to the 1st July, 1980; or |
| (iii) |
where the death of the officer occurs after a period of 12 1/2 years from the date of his retirement on or after the 1st July 1980. |
| 2. |
Where no derivative pension is paid or payable under paragraph 1, a derivative retiring allowance shall be paid or be payable |
Adjusted based on the same formula provided in respect of subparagraph (a), (b) and (c) of paragraph 1 but limited to 3/4 of the amount determined in each case |
| (a) |
for any of the periods and in any of the circumstances referred to in subparagraph (a), (b) or (c) or paragraph 1; and |
| (b) |
for life in any of the circumstances referred to in subparagraph (d) of paragraph 1 |
70% of the amount paid or payable under subparagraph (a) of this paragraph |
A dependant's pension is calculated as a fraction of the officer's salary at the time of sustaining the injury or contracting the disease may be granted in accordance with the following table :
