Clause 4

for every civil defence officer, narcotics officer, police officer or prison officer who is appointed before the commencement of those regulations and who, immediately prior to such commencement, is eligible (whether on retirement or in respect of death or injury in or attributable to service) for any pension, gratuity or other allowance under the Pensions Act (Cap. 225); and

for every officer who is appointed before the commencement of those regulations to the Civil Defence Service, the Narcotics Service, the Police (Senior) Service, the Police (Junior) Service or the Prisons Service on a contract for a term and who, immediately prior to such commencement, is eligible for any gratuity or other like benefit under the contract,an option to join the INVEST Plan as a member thereof and for the terms and conditions of such an option.

in the case of a uniformed service officer referred to in subsection (1)(a), that any such officer who opts to join the INVEST Plan shall cease to be eligible to benefits under the Pensions Act (Cap. 225) but shall remain eligible under the INVEST Plan to benefits not less in value than the amount of any pension, gratuity or other allowance for which he would have been granted under the Pensions Act if he retired from service, or was injured or died in service, on the date immediately prior to his joining the INVEST Plan; and

in the case of an officer referred to in subsection (1)(b), that any such officer who opts to join the INVEST Plan shall remain eligible to benefits not less in value than the amount of any gratuity or other like benefit for which he would have been granted under his contract if he had completed his term of service under the contract on the date immediately prior to his joining the INVEST Plan.