Pay re-fixation on promotion sets higher-grade pay after one notional increment, subject to temporary-promotion adjustment. Pay on promotion or officiating appointment in a higher grade is fixed at the stage equal to or immediately above lower-grade pay after one notional ... Summary
International Financial Services Centres Authority (Employees' Service) Regulations, 2026
Pay re-fixation on promotion sets higher-grade pay after one notional increment, subject to temporary-promotion adjustment.
Pay on promotion or officiating appointment in a higher grade is fixed at the stage equal to or immediately above lower-grade pay after one notional increment. Employees drawing maximum lower-grade pay receive a notional addition equivalent to the last increment in that grade. Lower pay may be fixed for a justified temporary promotion. Earlier higher-grade service after reversion counts for subsequent pay fixation and increments, while specified post-scale benefits accruing within one year may determine the promotional-grade increment date.
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