TNAG-0698-FCO40-848-Policy-and-commitment-on-pensions-for-public-servants-in-Hon-1979 — Page 16

In the context of Hong Kong, the main advantage of funding would be to make the security of future pensions less dependent on the economy of Hong Kong and on its future existence; however this advantage would be gained only if it is practicable to invest outside Hong Kong. The main disadvantage is the probable large extra amounts to be found from revenue immediately, and for a number of years ahead, to build up the reserves required to provide future pensions of current active staff and pensioners, seeing that no such reserves exist now.

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