Hong Kong Ordinances

PENSIONS ORDINANCE - SECT 18A

Commutation of pensions payable under section 18

(Past version on 30/06/1997).

Adaptation amendments retroactively made - see 63 of 1999 s. 3

(1) A person to whom a pension is payable under section 18 may within 3 months
after the commencement of the payment of the pension or such longer period as
the Secretary may approve apply in writing to the Secretary to commute the
pension into a lump sum.

(2) A lump sum referred to in subsection (1) shall be computed in accordance
with an actuarial table prepared from time to time by an actuary appointed by
the Chief Executive. (Amended 63 of 1999 s. 3)

(3) Where an application is made under subsection (1) in respect of a deceased
officer, any pension granted in respect of him before the computation of the
lump sum shall be deducted from the lump sum.

(4) A lump sum referred to in subsection (1) may for the purposes of payment
be divided into such number of parts as the Secretary may think fit. (Added 3
of 1993 s. 29)