I(d)
n
Further, in paragraph 8 of your comments you mention you wish to raise some detailed points, and we look forward to hearing from you on these. But first, in order to give you a more concrete indication of our present thinking, I may perhaps mention that one option we have been considering is for benefits to be payable over a maximum of nine years, with 10% of the notional maximum paid on or soon after 30 June 1997 and subsequent payments of 10%, up-rated in line with the UK RPI, due annually thereafter
up to 30 June 2006 so long as the officer remains in the
service of the SAR. In the case of an officer due to retire earlier than this, then, after the initial payment, his subsequent payments should reflect the fact that he cannot serve the maximum phasing period, eg an officer due
to retire on 31 December 2000 should receive 10% of the
notional maximum on or soon after 30 June 1997, 30% on
30 June 1998, 30% on 30 June 1999, and 30% on 30 June 2000 (with payments again uprated in line with the UK RPI). Similarly an officer due to retire in December 2002 would
receive 10% and 5 instalments of 18%. In the case of an officer who is obliged to retire early for medical reasons or because of the abolition of his office, we consider
that he should receive on retirement the balance of the
notional maximum sum payable if he had chosen and been able to serve until the end of his normal phasing period. Similarly if a serving officer dies before the end of his phasing period, we believe that his dependants or personal representatives should receive the balance of the notional
maximum.
Let me stress that these figures and examples are indicative, rather than a tightly worded or definite
proposal. In the light of our discussions I hope that we shall be able to table a definite proposal in the next day
or two.
May I now invite your comments.
NJCABT/4