Leydła
The provident funds
operated in the subvented and
private sector, and its
feasibility will have to be assessed
in the light of the financial resources available.
15.
The proposal for early payment of pension benefits
could take the form of either hypothecation of pensions or an
interest bearing loan which is secured against
pension benefits. The financial and
accrued
and practical implications
of the proposal
proposal are our prime considerations. The costs are however likely to be prohibitive and the proposal would not
be conducive to the stability of the civil service.
Aller getalled study of these staff proposals,
the HKG should decide to pursue changes to the existing
arrangements to meet staff concern for greater security of thelr pensions, we shall consult the Chinese Side well in
advance of taking any action to introduce them.
PROPOSED MODIFICATIONS TO EXISTING PROVISIONS
15.
The Chinese Side may recall that the review which
led to the New Pension Scheme was a review of service
pensions only, that is to say of the
applicable to officers themselves.
reviewed the pension arrangements
the pension arrangements
Subsequently the HKG has
for
officers' dependants.
וזוזנ־ד
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