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Estimate of Compensation Costs
Total of 5 pages Page 1
To Michael Stone
HKD, FCO
From Shipley, CSB/HK
Your celno 776
I. Salary Projection
October 1988 Calculations
April
1990 Calculations
Annual Salary
Annual Salary
HHOCS Members
No.
(a)
(1)
Administrative Officers below 57 before 1.7.97
91
by 1997 ($)
(A)
44,912,031
Ref.
NO.
by 1997 ($)
BJ
92
67,999,280
Ref.
{A}{a}{i} x (1 + 2.834%)
92
*(1 + 14,5%] x{1+10.6%] x{}+15%}x91
(11)
Approximation and
Say 80
39,483,104
{M}{a}{1} x
80
9.1
say 80
59,129,809
(B} {a}{1} x 80
Laking into account wastage (1.41 p.a.) up to 1997
9Z
(b)
(i)
Disciplined Officers balow 55 before 1.7.97
261
90,047,208
(ii)
Approximation and
say 210
72,451, 777
(A)(b)(i) x
210 261
say 210
107,306,743
262 133,877,937
x (1 + 9.38%) X
X
262 261
(8)(b)(i) x
210 262
{A} {b} (L) x (1 + 2.8344}
+ 14.5%) (115)
taking into account 40 officers affected by separate scheme
and wastage 10.9% p.a.) up to 1997
Other Officers
(c)
(i)
131
63,694,521
below 60 before 1.7.97
134
97,573,249
(A)(c)(i) x (1 + 2.80421
134
x (1 + 14.5%) x (1+10.6%) x (1+15%) x 131
(ii)
Approximation and taxing into account wastage (0.93 p.a.) up to 1997
say 120
58,346,L26
(A){c][i] x
120 131 Say 125
91,019.821
(B)(c)(il x
125 134
Note
Salary adjustments since October 1988
-:
general salary increase approved in January 1989 (average 2.8348) pay adjustment for disciplined services as a result of Rennie Committee's recommendations (average 9,38%)
(a)
(b)
(c)
general salary increase for 1989/90 (average 14.5%)
(d)
(e)
annual salary increase for 1990/91 (average 15%)
directorate pay adjustment effective from 1.10.1989 (average 10.68}
/ Potentia!
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