Amount of long-term compensation payable to an officer for loss of emoluments
14.—(1) In the case of a person to whom this Part of these Regulations applies, long-term compensation for loss of emoluments shall, subject to the provisions of these Regulations, be payable until the attainment of the age of sixty-five years or death, whichever first occurs, and shall not exceed a maximum annual sum calculated in accordance with the provisions of paragraphs (2) and (3) of this Regulation.
(2) The said maximum annual sum shall, subject as hereinafter provided, be the aggregate of the following sums, namely—
(a)for every year of the claimant's reckonable service, one sixtieth of the net emoluments he has lost; and
(b)in the case of a claimant who has attained the age of forty years at the date of the loss, a sum calculated in accordance with the provisions of paragraph (3) of this Regulation appropriate to his age at that date:
(3) The sum referred to in sub-paragraph (b) of the last foregoing paragraph shall be—
(a)in the case of a claimant who has attained the age of forty years but has not attained the age of fifty years at the date of the loss, the following fraction of the net emoluments he has lost—
(i)where the claimant's reckonable service is less than ten years, one sixtieth for each year of such service after attaining the age of forty years, or
(ii)where the claimant's reckonable service amounts to ten years but is less than fifteen years, one sixtieth for each year of such service after attaining the age of forty years and one additional sixtieth; or
(iii)where the claimant's reckonable service amounts to fifteen years, but is less than twenty years, one sixtieth for each year of such service after attaining the age of forty years and two additional sixtieths; or
(iv)where the claimant's reckonable service amounts to twenty years or more, one sixtieth for each year of such service after attaining the age of forty years and three additional sixtieths;
but the sum so calculated shall not in any case exceed one sixth of the said net emoluments;
(b)in the case of a claimant who has attained the age of fifty years but has not attained the age of sixty years at the date of the loss, one sixtieth of the said net emoluments for each year of the claimant's reckonable service after attaining the age of forty years, up to a maximum of fifteen such years; and
(c)in the case of a claimant who has attained the age of sixty years at the date of the loss, one sixtieth of the said net emoluments for each year of the claimant's reckonable service after attaining the age of forty-five years.
(4) Where a sum is payable under this Regulation in respect of any period and resettlement compensation has also been paid in respect of that period, the said sum shall be limited to the amount (if any) by which it exceeds the resettlement compensation paid as aforesaid.
(5) Compensation awarded under this Regulation shall be payable at intervals equivalent to those at which the emoluments of his office were previously paid or at such intervals as may be agreed between the claimant and the compensating authority.