Hong Kong Regulations

GRANT SCHOOLS PROVIDENT FUND RULES - RULE 8

Contributions

(Past version on 28/02/2003).
(Past version on 19/05/2000).
(Past version on 30/06/1997).

(1) Contribution to the fund by a contributor employed in a grant  school
shall be at the rate of 5 per cent of the contributor's basic salary,
including any allowances approved for that purpose by the Permanent Secretary,
and, except with the consent of the Permanent Secretary, shall be payable only
in respect of periods during which the contributor draws his basic salary.
(L.N. 87 of 1976; L.N. 78 of 2000; 3 of 2003 s. 16)

(1A) Contribution to the fund by a contributor employed in a DSS school shall
be at the rate of 5 per cent of the contributor's salary under his contract of
employment, and, except with the consent of the Permanent Secretary, shall be
payable only in respect of periods during which the contributor draws such
salary. (L.N. 78 of 2000; 3 of 2003 s. 16)

(2) Subject to paragraph (2A), the contributions shall be deducted from
salaries monthly by each management authority who shall within 7 days
thereafter pay to the treasurer the amount of such deduction. (G.N.A. 116 of
1961; L.N. 239 of 1982; 27 of 2004 s. 70)

(2A) Where an option to contribute to the fund is exercised with retrospective
effect under rule 7(2A) or (2B)*, any contributions payable by a contributor
in respect of the retrospective period shall be deducted, in such instalments
as the Permanent Secretary may determine, from the salary of the contributor
monthly by the management authority who shall within 7 days thereafter pay to
the treasurer the amount of such deduction. (L.N. 239 of 1982; 3 of 2003 s.
16; 27 of 2004 s. 70)

(3) It shall be the duty of the management authority to maintain an
independent complete account for each contributor in his school which shall
specify- (27 of 2004 s. 70)

   (a)  contributions paid;

   (b)  donations made by Government in accordance with rule 9;

   (ba) donations made by the school in accordance with rule 9A (if
        applicable); and (L.N. 78 of 2000)

   (c)  such further credits for the previous year as shall have been notified
        to him by the treasurer. (L.N. 239 of 1982)

(4) The total of each such account shall be reconciled annually with the
treasurer, and the detail shall be available for inspection by the
contributor.
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____ Note:

* Rule 7(2A) and (2B) has been repealed and is reproduced as follows-

"(2A) An option to contribute to the fund by a teacher to whom paragraph
(1)(d) applies (other than a teacher first appointed to a grant school on or
after 24 June 1982) or by a teacher to whom paragraph (1A) applies-

   (a)  shall be irrevocable; and

   (b)  if exercised not later than 3 months after 24 June 1982, may be
        retrospective to the date of his first appointment to a grant school,
        or to such other date after such first appointment, as the teacher may
        specify in the option, but in any event shall not be retrospective to
        a date earlier than 1 September 1980. (L.N. 239 of 1982)

(2B) Where an option has been exercised by a teacher before 24 June 1982 and
by virtue of paragraph (2)(b)(ii) such option is retrospective to a date after
the date of his first appointment to a grant school, the teacher may exercise
an additional option, not later than 3 months after 24 June 1982, to
contribute to the fund from the date of his first appointment to a
grant school or from 1 September 1980, whichever is the later. (L.N. 239 of
1982)".