26th May 2012, 19:21
Hello everyone. I am in the CX pool and am curious on the pension. 15.5% is that you get 15% of your last years salary annually, 15% of lifetime salary given in a lump sum?
Further more I am curious on what it actually works out to be. Is it a fairly decent lumpsum payment or is it peanuts?
28th May 2012, 09:39
15.5% of lifetime earnings placed in Fidelity accounts of your choosing,paid in a lump sum on leaving HK
As to is it a lot well its 15.5% of what you earn,so all depends on your contract
29th May 2012, 13:52
Hey Blade, thanks for the input.
Is this paid on your gross salary? Including Housing or just salary?
Also will this be taxed by HK on your way out of the country? If the bases get sorted and you are living say in the US or Canada will it go through HK or strictly your own country?
If you leave in 15 years will you get this on your way out? Or do you have to remain until the retirement age?
30th May 2012, 02:49
Gross salary ,not housing
paid in full after 10 years service if you leave CX HK(retirement or basing),pro rata otherwise
8 years service you get 80%
5 years 50 % etc