}
CONFIDENTIAL #3
FINANCIAL IMPLICATIONS
10
26.
There is no financial implications of the proposal
not to further pursue any pension safeguard option.
STAFF REACTION
27.
Administration
Staff will be disappointed when they know that the
decides not to pursue any pension safeguard
options for the civil service. It is likely that the central
staff councils would join forces in making strong protest.
Staff may feel that their patience in the past years waiting
for the outcome of the Administration's pension safeguard
study has not worked in their favour. They might adopt more
radical tactics in pressing for their demands in future. The
morale of the civil service may be affected to some extent.
PUBLIC REACTION
28.
strong
It is
reaction
unlikely that the public will have any
to
Government not pursuing any pension
safeguard for the civil service.
G.F. 326
CONFIDENTIAL #