In 1993/94:
In 1996/97:
In 2010/11:
CONFIDENTIAL
[Treasury to suggest basis
for calculation?]
Option I:
HMG to subsidise a private-sector scheme providing an exchange-rate hedging mechanism for up to 25 years, for the commutable portion of the pension.
POTENTIAL ANNUAL COST:
In 1993/94:
In 1996/97:
In 2010/11:
Other Variables
[Treasury to suggest basis
for calculation?]
[Treasury to explain their thinking on date to start making payments?]
CONFIDENTIAL