lad
PS/Mr Goodlad
HMOCS
RESTRICTED
FROM: N J Cox
Hong Kong Department
DATE: 21 May 1992
cc: PS/Mr Patten
Sir J Coles
Mr Burns
Mr Kerby, ODA
Mr Ricketts
Mr Fish, ODA
Mr Davies, FED
Mr Fifoot
Mr Wye, RAD
1.
Further to my submission of 20 May, the Chairman of the
A Hong Kong HMOCS Association has now written with detailed
comments on our draft scheme in the form of a redraft. The
Minister of State need not read this but he could tell the
Association in Hong Kong next week that we are studying it.
2.
The redraft is a serious piece of work. Its contents are
not surprising. It naturally includes:
-
right to retire early with immediate pension;
calculation of compensation using traditional actuarial
factors (ie about 100% more than we propose);
payment of full amount to all officers on 30 June 1997: no
requirement to stay in SAR service;
-
The covering letter reiterates the Association's claim for
sterling safeguards for pensions and SPOS adjustment.
REGADX/1
SLM
RESTRICTED