options.1.HMOCS
MTV'S
CONFIDENTIAL
HONG KONG: HM OVERSEAS CIVIL SERVICE: OPTIONS PAPER ON STERLING SAFEGUARDS AND COMPENSATION
I. OPTIONS FOR HMG FUNDED ARRANGEMENTS
STERLING SAFEGUARDS FOR PENSIONS
i)
OPTION A. FIXED TRIGGER
ii) OPTION B. COMPARATOR
iii) OPTION C. AVERAGE EXCHANGE RATE OVER EXTENDED PERIOD
iv) OPTION D. EXCHANGE RATE AT DATE OF RETIREMENT
v)
OPTION E. HKG/SARG PAY HMG WHICH PAYS PENSION AT FIXED
RATE
vi) OPTION F. HMG TO UNDERWRITE NON-COMMUTABLE ELEMENT
vii) OPTION G. PRIVATE SECTOR SCHEME
COMPENSATION
vii) OPTION A. ORIGIONAL PROPOSAL
ix)
OPTION B. HMOCS PROPOSAL
x)
OPTION C. NEW OPTION
xi)
OPTION D. NEW OPTION
II. OPTIONS WITHOUT HMG FUNDING
xii) OPTION A. NO ASSISTANCE
xiii) OPTION B. HKG INSTRUCTED TO PAY FUNDS TO HMG
xiv) SUPPLEMENTARY PENSION FOR OVERSEAS SERVICE
CONFIDENTIAL
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