CONFIDENTIAL
64
M(89)5
applied as a safeguard in the longer
term.
(c) Cases of genuine hardship had arisen
not so much because of a decline in the
value of pensions paid overseas, but
because some pensions were very small
in absolute terms. Where real hardship
did exist, there might be a case for
the Government, as a good employer,
give some form of
case-by-case basis.
to
assistance on a
(a) Pensions were periodically adjusted in
line with movements of the Consumer
Price Index (A). Pensions might be
better protected against inflation if
they were adjusted in line with other
recognised price indices
which
registered higher percentage movements.
(e) Some
form
of
overseas
pension
protection scheme might be
more
palatable if it were extended to all
pensioners
expatriate
whether
local
ΟΥ
who on retirement declared
that they were to reside overseas.
CONFIDENTIAL