Fund contribution rates unchanged

0 Photo

The respective Management Committees of the Central Fund and the Family Protection Fund have passed resolutions that members' monthly contribution rate for both Funds remain unchanged in the coming 24 months from July 1, this year to June 30, 2008. For Central Fund members, their monthly contribution rate maintains at $48.4 per month and Family Protection Fund members, $50 per month.

With a new 24-month insurance contract obtained by PS&SR Branch, members of the two Funds are able to benefit from the same level of protection of $500,000 for life insurance and for total & permanent disability. Apart from these, members can also enjoy the following additional insurance coverage offered by this new contract during the contract period from 1 July, 2006 to 30 June, 2008:

Terminal Illness benefit

* If a member is certified to be suffering from terminal illness, an advance of 50% of the Life Insurance (that is $250,000) up to a maximum of $300,000 may be made to the member

Additional dismemberment benefits

* loss of speech and hearing (max $500,000)

* permanent total loss of hearing in both ears (max $375,000) / one ear (max $125,000)

* loss of speech (max $250,000)

* loss of or permanent total loss of use of four fingers and thumb (max $375,000)

* loss of or permanent total loss of use of one thumb (max $150,000) / fingers (max $50,000) / toes (max $75,000)

* fractured leg or patella with established non-union (max $50,000)

* shortening of leg by at least 5 cm (max $37,500)

* major burn with third degree burn of 25% body surface (max $250,000)

If more than one of the above injuries is applicable, the sum of those amounts shall not exceed $500,000.

Report on Change of Personal Particulars & Beneficiary

Fund members are reminded to report changes of personal particulars and that of beneficiary to the Secretariats of the respective Funds. Failure in reporting the changes will create unnecessary delay in the disbursement of compensation and even legal implications rendering claim becoming void. Should members wish to update their personal particulars, including that of the beneficiary, please complete a "Notification of Changes in Personnel Particulars" which is obtainable from the Secretariat of the respective Funds (telephone hotline 2860-3242) or downloaded from PS&SR Branch website. Duly completed form can be returned to the Secretariat of the respective Funds either by mail to PS&SR Branch, 38/F., Arsenal House, Police Headquarters, No.1 Arsenal Street, Wan Chai or by fax to 2200-4334.

Enquiries can be made to PS&SR Branch telephone hotline 2860-3242.