198
FCS/92/xxx
CHIEF SECRETARY
CONFIDENTIAL
Issue
Hong Kong:
1.
Arrangements for HM Overseas Civil Service
to agree
as
We are to meet on 13 November (with the aim of reaching -agreement on a package of measures which will provide a basis
for further consultations with the HMOCS Association.
2. I now enclose the paper produced by our officials with costed options. My comments are as follows.
Package for HMOCS
3.
I have examined all the options identified.
I am
satisfied that the conclusion in my minute of 12 June remains valid that the minimum that we could defend as a fair proposal to HMOCS officers would be a package comprising:
-
(a) a sterling safeguard for pensions provided by HMG, as envisaged in Option A. I believe the trigger-rate should be
Tor HK $16 £1 ; and
(b) a compensation scheme on traditional lines for all officers serving on 30 June 1997, with payments phased over five or six years.
I think we have agreed that the present UK pension supplements (SPOS) should also be made more equitable.
sos.min.HMOCS
MVS
CONFIDENTIAL
1