CONFIDENTIAL
22.
IN ADDITION TO THE NEW PENSION FACTOR MEMBERS OF THE JUDICIARY WHO ARE REQUIRED TO RETIRE EARLY ON THE GROUNDS OF ILL HEALTH WILL BE ENTITLED TO A MINIMUM PENSION OF 1/4 SALARY.
23.
APART FROM THE ABOVE, THE STANDARD PROVISIONS OF THE NEW PENSION SCHEME WOULD APPLY. ALL MEMBERS OF THE JUDICIARY, OTHER THAN THOSE WHO HAVE ALREADY RETIRED AND BEEN RE-ENGAGED FOR SHORT TERM CONTRACTS, WOULD BE PERMITTED TO CONVERT TO THE NEW PENSION
ARRANGEMENTS.
FINANCIAL IMPLICATIONS
24.
THE FINANCIAL IMPLICATIONS OF THE PROPOSED NEW PENSION ARRANGEMENTS FOR MEMBERS OF THE JUDICHIARY BETWEEN NOW AND THE YEAR 2007 ARE SET OUT IN ANNEX B.
CONCLUSION
25. THE BRITISH SIDE HOPES THAT THE NEW ARRANGEMENTS WHICH THE HONG KONG GOVERNMENT PLANS TO INTRODUCE FOR THE JUDIC-HARY WHALL SUCCEED 1N ATTRACTING A NUMBER OF EXPERIENCED LOCAL LAWYERS WITH THE APPROPRIATE QUALITIES TO THE JUDIC HARY, IT BELIEVES THAT THE NEW ARRANGEMENTS WILL ALSO ASSIST IN ENSURING THE CONTINUATION OF A JUDICIARY OF HIGH CALIBRE AND AS A CONSEQUENCE IN MAINTAINING STABILITY AND PRESERVING CONFIDENCE.
ENDS
WILSON
HMLNAN 3242
HONG KONG AGREEMENT: RESTRICTED
LIMITED
HD/HKD
HD/FED
RESEARCH D. (FE)
DEP.HD/PUSD
PS/MR RENTON
MR MCLAREN MR GILLMORE
COPIES TO:
-6-
CONFIDENTIAL
MR FIFOOT, LEGAL ADVISERS