AIDE MEMOIRE
HONG KONG PENSIONS
Handed to MR. Alemad by.
John West of Meeting
25.4.78.
Er
item (1) PD 201/77/01 flagged A
Annexe 1
Annexe 2
PENSIONS COSTS
Estimated liability (inc widows)
as at 31.12.73
as at 1.1.78
Annual pensions and gratuities payments
PENSIONABLE ESTABLISHMENT
£1,300m ($11,300m) £2,000m
(this figure is conjectural but takes account of increase in pensionable establishment since 1.1.73 and participation of all pensionable staff in WOP Scheme from 1.1.78 compared with previous level of membership of 35% at 1.1.73).
73/74
77/78
80/81
$116.7m $224.1m
$310m
Expats
Local
Total
WOPS
Operative date
73/74
76/77
77/78
1905
2576
88121
101581
90026
104157
107837
Item (3)
PD 206/77/02
flagged B
Item (4) (Ei) PD 206/77/02 flagged C
1 January 1978
Option period for serving officers
to 31 December 1978
COST OF CIVIL SERVICE 1976/77
On personal emoluments basis (excluding pensions)
$1970m
37% of estimated recurrent expenditure in budget
Item (17)
PD 201/77/01
Flagged D
Item (18)
PD 201/77/01
Flagged E
FUNDING
Enquiry received from Hong Kong seeking information on benefits of funding
GAD general advice touching on special consideration regarding Hong Kong
CURRENT EXCHANGE RATE (18.4.78)
HK$ 8.545 = £1
HKA 235/393/1.
ALCALD KOTNO. 51
25 APK 1978
NO
OFFICER
PA
в
#EGISTRY
Action Taken
P.P.