CONFIDENTIAL
consultation with staff, but the intentions of modernising the pensions scheme and reducing the future pensions liability of the SAR Government will be maintained.
7.
Details of the proposed new scheme were to put to the Staff Sides of the three Consultative Councils at the end of August. Initial reaction has been favourable. The Chinese were informed about the consultations at the first meeting of
We undertook
the
Joint Liaison Group.
proposals with the Chinese once the
completed. The Chinese merely took note.
to discuss the
consultations were
CONFIDENTIAL
i