CONFIDENTIAL

Disadvantages:

(a)

(b)

흐흐

(c)

Existing pensioners who retired at a stronger HK$ rate would suffer relatively bigger losses before their pensions were safeguarded compared to those retiring at a later date (but their position would be eased by proposed amendments to the SPOS Regulations)

Depending on chosen level of support, could fall short of HMOCS members' expectations

Depending on chosen level of support, may be opposed by

some serving officers as not taking account of

differentials which are greater for Administrative

Officers and Judges than for Police.

options.1.

SLM

CONFIDENTIAL

3

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