XN000022-1993-03-17 — Page 7

(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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