ANNEX 2

Outline and Costs of Capitalisation Option

Prepared by Whitehall Team visiting Hong Kong

to assess the options for the capitalisation

of HMOCS pensions

Annex A: Key features of scheme and areas of flexibility

Annex B: Estimated financing costs of

four approaches

Note : A possible approach involving a private sector financial intermediary is under requires further discussion.

examination by HKG and

HMT, ODA, GAD

12 December 1991

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