CX Pension?
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Join Date: May 2012
Location: North America
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CX Pension?
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?
Thanks!
Further more I am curious on what it actually works out to be. Is it a fairly decent lumpsum payment or is it peanuts?
Thanks!
Join Date: Jan 2000
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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
As to is it a lot well its 15.5% of what you earn,so all depends on your contract
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Join Date: May 2012
Location: North America
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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?
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?