(B)
RETIREMENT
WEDNESDAY, MARCH 17, 1993
(NO. OF OFFICERS RETIRING
IN EACH YEAR)
1989/90
1990/91 1991/92
"EARLY" RETIREMENT
(AGE 45-54)
322
425
542
"NORMAL" RETIREMENT
(AGE 55-60)
841
1015
1277
OTHER
109
486
448
TOTAL
1272
1926
2267
THE SPOKESMAN NOTED THAT THE NUMBER OF RETIREMENTS INCREASED MAINLY BECAUSE OF HISTORICAL INCREASES IN RECRUITMENT YEARS AGO WHEN THE CIVIL SERVICE WAS EXPANDING RAPIDLY IN ORDER COPE WITH HONG KONG'S SURGING DEVELOPMENT.
HAD
MANY
TO
AS REGARDS EARLY RETIREMENT, THE NUMBER HAS REMAINED STABLE AS A PERCENTAGE OF TOTAL RETIREMENTS - 25 PER CENT IN 1989/90, 22 PER CENT IN 1990/91 AND 24 PER CENT IN 1991/92.
THE SPOKESMAN SAID: "WE EXPECT TOTAL RETIREMENTS TO CONTINUE TO INCREASE IN 1992/93 BASED ON FIGURES SO FAR THIS YEAR.
"THE PERCENTAGE OF EARLY RETIREMENTS WILL CONTINUE TO BE IN THE RANGE OF 20 TO 25 PER CENT.'
H
IN RESPECT OF "OTHER" RETIREMENTS, THEY INCLUDE RETIREMENT ON ABOLITION OF OFFICE (E.C. DUE TO CLOSURE OF ABATTOIRS IN THE URBAN SERVICES DEPARTMENT IN 1990/91 AND 1991/92) AS WELL AS COMPULSORY RETIREMENTS.
THE FIGURES IN THE TABLE ABOVE EXCLUDE OFFICERS WHO RETIRED AND WERE SUBSEQUENTLY RE-EMPLOYED IN THE CIVIL SERVICE ON AGREEMENT.
(C) PENSIONS EXPENDITURE
FOLLOWS:
EXPENDITURE ON PENSIONS AS REFLECTED IN THE ESTIMATES IS AS
1991/92 (ACTUAL EXPENDITURE)
$3,390.9 MILLION
1992/93 (REVISED ESTIMATE)
$4,457.0 MILLION
1993/94 (ESTIMATE)
$4,877.3 MILLION
/THE ABOVE
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