Pension rights, etc., of Government employees to be preserved
32.—(1)  The terms and conditions to be drawn up by the College shall take into account the terms and conditions of service (including salaries and accrued rights to leave) enjoyed by the persons transferred to the service of the College under section 31 while in the employment of the Government.
(2)  Any term or condition relating to the length of service with the College shall recognise the length of service of the persons so transferred while in the employment of the Government to be service with the College.
(3)  Nothing in the terms and conditions to be drawn up by the College shall adversely affect the conditions that would have been applicable to persons transferred to the service of the College as regards any pension, gratuity or allowance payable under the Pensions Act (Cap. 225).
(4)  Where a person has been transferred to the service of the College under section 31, the Government shall be liable to pay to the College such portion of any pension, gratuity or allowance payable to the person on his retirement as the same shall bear to the proportion which the aggregate amount of his pensionable emoluments during his service with the Government bears to the aggregate amount of his pensionable emoluments during his service under both the Government and the College.
(5)  Where any person in the service of the College, whose case does not fall within the scope of any pension or other schemes established under this section, retires or dies in the service of the College or is discharged from such service, the College may grant to him or to such other person or persons wholly or partly dependent on him, as the College thinks fit, such allowance or gratuity as the College may determine.