TNAG-1326-FCO40-1738-Future-of-Hong-Kong-Parliamentary-debates-1984 — Page 59

CONFIDENTIAL

(E)

PUBLIC SERVICE PENSIONS (NB IN GENERAL, NOT ONLY HMOCS)

POSSIBLE DEFAULT

11.

There is no reason to suppose that SAR Government will default. The agreement provides that the SAR Government will pay all pensions, gratuities and other benefits due to public servants, including to those who have retired before

1 July 1997.

[IF PRESSED]

It would be for the Government of the day to decide what action it would be right to take in any given set of

circumstances.

CONFIDENTIAL