CONFIDENTIAL
1997. As regards the proposed cap, in previous schemes this affected few officers ; in the case of Hong Kong, we estimate that some 75% of officers remaining in 1997 would be affected.
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Early Retirement
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7. The right to retire before normal retirement date with
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full payment of pension was a feature of all HMOCS
compensation packages sewhere in previous ca
In previous cases, it was in
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the gift of HMG, but in the case of Hong Kong it is a decision
30M10 Siasur 154
to be taken by the Hong Kong Government. The HMOCS
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Association has asked that officers be granted this right.
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8. The Governor needs to retain these officers for as long as
possible while avoiding a mass exodus in the last few months
of British sovereignty. He has also to consider the effect of such arrangements on local officers in Hong Kong and to ensure that he does not leave himself open to Chinese criticisms that he is taking actions which would disrupt a smooth transition in 1997. However, given the pressures from HMOCS officers in Hong Kong and the inclusion of a right to retire in all previous schemes he is prepared to consider an arrangement which would allow officers to apply for early retirement as part of a package which he considers to be equitable. We are sending to your officials a copy of a paper prepared by the
JI JANG. BRE Hong Kong Government on early retirement which sets out how
(neniño zaban palvase aulaTOD this could be achieved.
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9. If HKG offers HMOCS officers a general right to retirement, it would reduce by about 30% HMG's contingent
liability for safeguarding pensions, given that those officers whỏ chose to retire would be eligible for smaller pensions and would receive the commutable element before the safeguard came into effect. However, the right to retire early would have no
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SMAT OF
CONFIDENTIAL