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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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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