TNAG-1456-FCO40-1980-Future-of-Hong-Kong-annual-report-to-Parliament-on-Hong-Kong-1986 — Page 108

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IN THE AMOUNT OF PENSION WHICH MAY BE COMMUTED AS A LUMP SUM, FROM 25 PER CENT TO 50 PER CENT. IN ADDITION, THE HONG KONG GOVERNMENT PROPOSES TO MAKE PENSIONS A RIGHT RATHER THAN A PRIVILEGE.

CONSULTATION WITH STAFF HAS ALSO BEGUN ON A DRAFT COMPENSATION SCHEME WHICH, AMONGST OTHER THINGS, WILL ENABLE PENSIONABLE OVERSEAS OFFICERS WHO ARE REQUIRED TO RETIRE, OR WHO ARE SUPERSEDED FOR PROMOTION TO MAKE WAY FOR LOCAL OFFICERS, TO BE COMPENSATED FOR LOSS OF CAREER.

AKERS-JONES

YYYY

HMLNAN 5997

HONG KONG AGREEMENT: RESTRICTED

LIMITED

HD/HKD

COPIES TO:

MR FIFOOT, LEGAL ADVISER

HD/FED

RESEARCH DEPT (FE)

DEP/HD/PUSD

PS/MR RENTON

MR GILLMORE

MR WILSON

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Confidential