TEFMENT BLAN
CONFIDENTIAL
C)
of
casea
ages
You may wish to note from Annex I that the number retired officers by 1.7.97 listed in the above paragraph is
different on
retirement
for different types of officers. Based on the above revised figures, the officers to be covered by HMOCS Compensation Scheme is 435 as worked out in Annex II.
This is some 60 more than the figure of 374 given in our October projections.
Certainly,
the introduction
of
the
HMOCS
In
Compensation Scheme Will lead some officers to switch to the new pension scheme (NPS). It would be difficult to tell at this stage how many of the officers will actually switch to NPS until the deadline as there would be many factors (apart from the benefits of the compensation scheme) which these
take officers will
into account in their decision. addition there will be some officers (such as Messrs Parkes and Mackley) who opt to retire between the ages of 50 and 55 between now and 1997. In view of the above, it may be prudent to work out different scenarios for calculation based on different assumptions in respect of the ratio of officers who will retire at
However it is very of 55 and 60 years. ages difficult to guess what these assumptions might be.
your age да
c.c. CSB-S/8 VII
Chicke
(M.J.C. Waters)
for Secretary for the Civil Service
CONFIDENTIAL
2