TNAG-2060-FCO40-2938-Hong-Kong-Overseas-Service-Pensioners--Association-(OSPA)-1990 — Page 65

港布政司署

Dear Colvyn,

OFFICE OF THE CHIEF SECRETARY GOVERNMENT SECRETARIAT HONG KONG

9 April 1990

е

Thank you for your letters of

27 February and

12 March.

On the question of currency protection of the pensions for HMOCS members, there is indeed still considerable difference of opinion between HMG and HKG. The position of the Hong Kong Government remains that -

(三)

(11)

(iii)

(iv)

EKG's responsibility, as the employer, is to pay its staff salaries and pensions in Hong Kong Dollars, and to maintain the value of pensions by adjusting them in line with the cost of living locally;

It is also Government's policy to treat both local and overseas officers equally in the payment of pensions. Any special arrangements for expatriates would be highly divisive and would cause sericus problems with the civil service;

There remain the fundamental difficulties which led to the ExCo decision in January 1989 that there should be ΠΟ measure to protect the value of pensions against currency fluctuations at stage. If anything, such difficulties have increased; and

this

EMG has accepted a special obligation towards members of HMOCS and ExCo therefore considers the question of sterling safeguards for them a matter for HMG. see no possibility of a change in position.

We

this

Mr Colvyn Haye, CBE,

"Wymering",

Sheet Commcn,

Nr. Petersfield,

Hants GU31 SAT United Kingdom

/....