(1) A pension granted to a member under this Ordinance shall not be assignable or transferable except for the purpose of-
(a) satisfying (either in whole or in part) a debt due to the Government; or
(b) satisfying an order of any court for the payment of money towards the maintenance of the spouse or former spouse or minor child of the member,
and pensions shall not be liable to be attached, sequestered or levied upon for or in respect of any claim or debt other than a debt due to the Government.
(2) (a) Subject to paragraph (b), where any person to whom a pension is granted owes a debt to the Government, the Director of Accounting Services may apply the pension, either in whole or in part, for the satisfaction, or partial satisfaction, of the debt.
(i) a person owes a debt to the Government arising otherwise than on account of tax payable under the Inland Revenue Ordinance (Cap 112); and
(ii) the person has not consented to the exercise, in relation to pension granted to him, of the power conferred on the Director of Accounting Services by this subsection,
the amount applied in such exercise shall not, as regards such pension, exceed an amount equal to 25% of the pension.
(3) Each of the references in this section to pension shall be construed as including a reference to any increase in the pension which is for the time being authorized under section 4 of the Pensions (Increase) Ordinance (Cap 305).