COMPENSATION
CONFIDENTIAL
Option A
(original proposal)
-use of half traditional factors to calculate
notional total
-20% payable to all in 1997
-additional 10% payable for each year's service
under SARG up to 2005
-по сар
-no bar to eligible contract officers enrolling in HMOCS and benefitting
COST:
probably £ 20 30 m maximum £ 39 m
-
Option B: (HMOCS proposal)
-use of traditional factors
-100% payable in lump sum to all in 1997
-no cap
COST:
probably £ 48 maximum £ 85 m
55 m
Option C:
-use of full traditional factors to calculate total for all serving in 1997
-payment phased in 5 or 6 equal instalments (first payment 20% of total) with interest at 5% pa (interest for those who stay on only ?)
-cap of £120,000
COST:
probably £ 37 maximum
43 m
£ 68 m.
CONFIDENTIAL