CONFIDENTIAL
Assumptions
1. Inflation ignored.
2. No real increase in general salary level.
3. Individual officer's salary increases by 2% p.a.
because of increment/promotion.
4. There will be zero growth in the size of the
civil service.
5. The total pensionable emoluments (P.E.) is taken from the approved estimates for 1990-91 plus 15% salary revision. ($27,562m).
6. The number of officers retiring under the
the old pension scheme and new pension scheme are projected on the basis of the pattern for 1989/90.
CONFIDENTIAL