【法规名称】
【法规编号】 82143 什么是编号？
【正 文】
第5页 CAP 279C GRANT SCHOOLS PROVIDENT FUND RULES
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[接上页] (4) (Repealed L.N. 78 of 2000) (5) With respect to contributions made at any time by a contributor during the period beginning on 1 September 1980 and ending immediately before the commencement of the Grant Schools Provident Fund (Amendment) Rules 1982 (L.N. 239 of 1982), the Government shall pay to the fund a sum equal to the difference between the aggregate amount of the donations payable by the Government to the fund in respect of those contributions during that period under the provisions of this rule then in force and the aggregate amount of the donations which would have been so payable in respect of those contributions under this rule if those Rules had been in force during that period; and the account of each such contributor kept in respect of that period shall be adjusted and credited accordingly in respect of each of his contributions made in that period. (6) Where, in respect of any month for which a Government donation has been payable, a contributor is subsequently and after the commencement of the Grant Schools Provident Fund (Amendment) Rules 1985 (L.N. 87 of 1985) awarded an increase of basic salary, or of any allowance approved by the Permanent Secretary for the purposes of this rule, or granted such an allowance a further Government donation shall be payable to the fund so as to increase the donation for that month to the amount which would have been payable if the award had been taken into account when a donation first became payable. (L.N. 87 of 1985; 3 of 2003 s. 16) (7) Where the account of a contributor (whether or not employed in a grant school) has been closed in accordance with rule 13 (or purportedly in accordance with rule 13) and the contributor has received payment in accordance with rule 14 (or purportedly in accordance with rule 14) and has re-commenced employment in a grant school without a break in teaching service then, for the purpose of calculating the amount of the donations payable by the Government under this rule with respect to such re-commenced employment, no account shall be taken of any period of continuous contributory service completed prior to such re-commencement of employment. (L.N. 269 of 1990; L.N. 78 of 2000) (L.N. 239 of 1982) Cap 279C rule 9A DSS school donation (1) For each contribution by a contributor employed in a DSS school, the school shall pay to the fund a sum referred to in these rules as a DSS school donation. (2) A DSS school donation by a DSS school shall be paid to the fund each month when the contribution by a contributor employed in the DSS school becomes payable, and shall be an amount equal to the following percentage of the contributor's salary under his contract of employment- (a) 5 per cent, if his continuous contributory service is less than 10 years; (b) 10 per cent, if his continuous contributory service is not less than 10 years but less than 15 years; (c) 15 per cent, if his continuous contributory service is not less than 15 years.(3) A DSS school donation paid in respect of a contributor shall be forthwith credited to his account by the supervisor of the relevant DSS school and by the treasurer. (L.N. 78 of 2000) Cap 279C rule 10 Investments All sums considered by the board to be surplus to the normal cash requirements of the fund may at the direction of the board be invested or deposited by- (a) the treasurer; or (b) any investment manager appointed by the board with the approval of the Financial Secretary,in such manner or by such method as the Financial Secretary may from time to time approve for that purpose, including the form of any contract, agreement, financial transaction or arrangement that may be entered into, and any dividends, interest, profits, gain or loss thereon shall be credited or debited to the fund. (L.N. 10 of 1987; L.N. 162 of 1996) Cap 279C rule 11 Reserve fund Remarks: Adaptation amendments retroactively made - see 55 of 2000 s. 3 (1) A reserve fund shall be maintained, to which shall be- (a) credited each year- (i) the proceeds of any realization upon sale or maturity of any investment during the year in so far as such proceeds exceed the value of such investment carried in the books of the fund at the time of such sale or maturity; (ii) the net amount of any Government donation and DSS school donation (if any), including any dividend earned thereby, standing to the credit of any contributor to whom, under rule 13, such donation is not payable; (L.N. 78 of 2000) (iii) such proportion of the income derived from investments and deposits as the board may think fit; and (iv) any gain arising from the revaluation of investments of the fund as at 31 August of any year; and (L.N. 162 of 1996)(b) debited each year- (i) any loss incurred upon sale or maturity during the year of any investment having regard to the value of such investment carried in the books of the fund at the time of such sale or maturity; (ii) such outgoings or losses incurred by the fund as the Chief Executive may in special circumstances authorize or direct in writing; and (L.N. 162 of 1996; 55 of 2000 s. 3) |
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