16
WEDNESDAY, JUNE 24, 1987
YEARS FOR SCHEME, WHICH WAS YEARS,
PRESENT OPTION PERIOD OF FIVE MR FORD SAID THE YOUNGER OFFICERS TO OPT TO TRANSFER TO THE NEW PENSION WAS ALREADY AN INCREASE OVER THE ORIGINAL PERIOD OF THREE ADEQUATE.
"SOME CUT OFF POINT IS ESSENTIAL FOR LONG
HE EXPLAINED. STAFF PLANNING PURPOSES,
TERM
FINANCIAL AND
"
MR FORD, HOWEVER, ADDED, "THE PERIOD OF ONE YEAR WILL OLDER OFFICERS MAY BE TOO SHORT AND CONSIDERATION
PERIOD PROVIDING THESE OFFICERS WITH A SOMEWHAT LONGER OPT TO TRANSFER TO THE NEW SCHEME.
PROVIDED FOR
BE GIVEN IN WHICH
ΤΟ TO
PENSIONS GENERALLY
HE ALSO SAID, THE PROVISIONS FOR DEPENDANT FOLLOWED THOSE IN THE WIDOWS' AND CHILDREN'S PENSION ORDINANCE.
TO
WITH REGARD TO CRITICS THAT SOME OF THE PROVISIONS RELATING
WOMEN WITH ADVANTAGES DEPENDANT PENSIONS WERE DIFFERENT FOR MEN AND SOMETIMES TO THE MAN AND SOMETIMES TO THE WOMAN.
MR FORD SAID A SEPARATE REVIEW
WOULD EXAMINE
THE
PROVISIONS
THE RELATING
PROVISIONS
TO
SUCH
FOR DEPENDANTS PENSIONS TO UPDATE PENSIONS AND TO REMOVE ANY EXISTING ANOMALIES.
MR FORD ALSO PROMISED THE RATE OF SHOULD BE SUBJECT TO A PERIODIC REVIEW.
MINIMUM
DEPENDANT PENSIONS
MR FORD
ALSO SAID THE
INCONSISTENCIES
IN PENSION FACTORS BETWEEN PENSIONABLE AND NON PENSIONABLE OFFICERS WHICH EXISTED IN THE PAST WOULD DISAPPEAR WITH THE INTRODUCTION OF A COMMON PENSION FACTOR.
AS
ΤΟ THE POINT
ABOUT
STAFF FROM THE JUNIOR EXEMPTING
то TAKE UP POST-RETIREMENT
TAKE A
AT IT AND LOOK
HE
PRIOR PERMISSION SEEK REQUIREMENT TO EMPLOYMENT, HE SAID THE GOVERNMENT WOULD DID NOT THINK THIS CONSTITUTED ANY REAL HARDSHIP.
THERE SCHEME NEW THE MR. FORD SAID UNDER ARKANGEMENTS FOR EARLY LEAVERS WHICH WOULD LEAVE AT 45 BUT INVOLVED THEIR UNTIL THEIR NORMAL RETIREMENT AGE.
WAITING FOR
WERE DIFFERENT STILL ALLOW OFFICERS TO BENEFITS PENSION THEIR
UNDER THESE ARRANGEMENTS,
HE
SCHEME IN COULD BE
"NO CHANGE IS CONTEMPLATED
STRESSED.
"THE ONLY CHANGE THAT HAS BEEN MADE TO THE EXISTING THIS CONNECTION IS TO DELETE THE PROVISION WHEREBY OFFICERS COMPULSORILY RETIRED SIMPLY FOR HAVING REACHED THE RIPE OLD AGE OF 45.
br
I AM SURE NO ONE WOULD WISH TO RETAIN THIS OBSOLETE
AMONG BUT I BELIEVE THERE HAS BEEN SOME MISUNDERSTANDING THAT THIS DELETION AFFECTS THE ARL. ANGEMENTS FOR VOLUNTARY IT DOES NOT, HE SAID.
11
PROVISION SOME STAFF
RETIREMEN'T.
/HR FORD