Emoluments cap revision increases prescribed ceiling and applies retrospectively to early 2016, altering entitlement calculations. Amendment revises the prescribed emoluments ceiling by substituting the earlier specified amount with a higher prescribed amount, and the substitution is ... Summary
Emoluments cap revision increases prescribed ceiling and applies retrospectively to early 2016, altering entitlement calculations.
Amendment revises the prescribed emoluments ceiling by substituting the earlier specified amount with a higher prescribed amount, and the substitution is declared to operate with retrospective effect from 1 January 2016, thereby altering the monetary baseline used for emoluments and pension entitlement calculations under the provision.
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