TNAG-2100-FCO40-2989-HM-Overseas-Civil-Service-(HMOCS)-policy-matters-1990 — Page 209

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pension. The compensation would be based on acuarial calculations.

One payment of 10% of the full compensation that would have been payable in a classic scheme would be paid in 1997 to compensate

for the loss of the Secretary of State's protection. A further nine

annual payments of 10% of compensation would be available for those

who remained in service. The costs thus are:

£ 45 million

Best case scenario

Median case scenario

f 17 million

Worst case scenario

£ 3 million

Compensation/incentive scheme, based on 25% of annual salary

The scheme involves payments based on 25% of the officers' then

salary. Two payments would be made in 1997: one as compensation for the loss of the Secretary of State's protection and one as an incentive to stay on (up to 1997). Thereafter up to nine annual

payments of 25% of their salary would be available to officers who

stayed in the service. The costs thus are:

Best case scenario

£ 72 million

Median case scenario

£ 34 million

Worst case scenario

£

7 million

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