# 1.
HMOCS
Serving Officers, Potential Members, Pensioners
Values of Pension Liability Dec 1991
Single Payment
HK$ billion
5 Annual Paym from 6/92 to i
Capitalised Value as at 1992
1.
2.
All pensionable service; All payments from 1.1.92
Service before 1.1.92; Payments from
5.0
1.1.92
3.2
•
•
3.
4.
All pensionable service; All payments from 30.6.97
Service before 1.1.92; Payments from 30.6.97
3.8
2.3
1.10
0.70
0.85
0.50
Notes
(1)
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.
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