CONFIDENTIAL
ANNEX D(5)
STERLING SAFEGUARDS
FCO/ODA Scheme
1. This scheme is essentially the traditional arrangements funded by HMG, minus the right to retire in 1997 with early payment of pension. (Compensation is a separate issue.) It would thus simply involve a sterling safeguard for pensions at a rate to be determined but recommended at 16:1. Since the main aim of the scheme is to keep HMOCS members in Hong Kong, it is proposed that all service, including service post 1997, would qualify to be safeguarded.
NC3AAB
CONFIDENTIAL