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For staff who wish to join HKIEd, the package offers a Mixed Service Pension Scheme or a Frozen Pension Scheme. Lecturers on Points 22 - 33 of the Master Pay Scale will remain eligible for a government Down Payment Loan and the Home Purchase Allowance when their turn in the government queue is reached.
Also included is a Sign-up Bonus equivalent to three months of an officer's substantive salary.
For those who wish to revert back to the Education Department, they will either be redeployed to comparable posts in the Target Oriented Curriculum Section or to other Education Grades at basic ranks, carrying their personal salary scale and fringe benefits. A separate seniority list will be maintained for such lecturing staff.
Mr Lam said the one-year secondment period would be extended under certain circumstances to meet operational requirements and individual officer's needs.
"These involve officers who are not yet confirmed to the permanent establishment with the Government, those who would reach normal retirement age within 12 months from September 1, 1995 and those who joined the HKIEd on an acting appointment pending acquisition of the required academic qualifications," he said.
"An officer may also be permitted to remain with the HKIEd until his reversion to fill a post which will become available on or before March 31, 1996."
Mr Lam explained that further extension of the secondment period for other lecturing staff would not be possible as the number of comparable posts expected to be available over the next few years would be far short of demand and the arrangement would make it very difficult for the HKIEd to plan its manpower requirement.
He said lecturers redeployed to basic rank posts might be given an adaptation period of three to 12 months.
"Staff who fail to adapt or prove to be unsuitable would be allowed to retire on Abolition of Office terms. Those who are granted these terms will be paid an enhanced lump sum gratuity and monthly pension, and an ex-gratia payment equivalent to six months of substantive salary.
"The department has started individual discussions with staff to ascertain their intentions and plans. These interviews will be completed by February 1995 after which the redeployment plan can be finalised."