11
DRAFT
For decision
on
CONFIDENTIAL
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Copy No.
THE PROBLEM
MEMORANDUM FOR EXECUTIVE COUNCIL
PUBLIC SERVICE : PENSION SAFEGUARDS
Servants
of
have
Despite
reassurances, since 4 June 1989 Civil
expressed increased concern about the security
pensions and have asked for the provision of pension
safeguards.
In order to address this concern the
Administration has been examining the feasibility of a number
of pension safeguard options. A decision needs to be made on
whether to implement any of these options.
RECOMMENDATION AND ADVICE SOUGHT
2.
Members are asked to advise whether a one-year
roll forward Civil Service pension reserve fund (paras 21-27)
should be further pursued.
BACKGROUND AND ARGUMENT
3.
are secure.
The Hong Kong Government believes that pensions
Pensions are both a statutory right, and a
CONFIDENTIAL
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