TNAG-2101-FCO40-2990-HM-Overseas-Civil-Service-(HMOCS)-policy-matters-1990 — Page 157

CONFIDENTIAL

2

3.

At present, there are some 2,000 pensions in

officers, totalling about HKS 195 million

payment こつ HMOCS

per ennum

addition, nere are acout 300 members ci

HMOCS still serving in Hong Kong.

Proposal

4.

We propose that HMG should consider the following

arrangements

:

(a)

HMG take over the payment of pensions payable

=o ali members of HMCCS at the option of the

officers concerned;

(C)

the

pension paid to these pensioners to be at a fixed sterling exchange rate to be agreed;

HKG to pay HMG on a continuing basis the

including the Hong

value of these

pensions

Kong pension increases in Hong Kong dollars;

and

(d)

the

pensions payable to be adjusted through

•

SPOS to take account of UK inflation.

COVCIDEUTUMI