HMOCS
Serving Officers, Potential Members, Pensioners
Values of Pension Liability Dec 1991
-
Single Payment
HK$ billion
5 Annual Payments from 6/92 to 6/96
Capitalised Value as at 1992
2.
3.
1. All pensionable service; All payments from 1.1.92
Service before 1.1.92; Payments from
1.1.92
5.0
3.2
All pensionable service; All payments from 30.6.97
Service before 1.1.92; Payments from 30.6.97
3
.8
2.3
4.
1.10
0.70
0.85
0.50
Notes (i) Costs a little higher, if significant proportion of staff opt to remain in Old Scheme.
(ii) Costs could be lower, if not all "Agreement" staff switch to PPE.
13.