(d)
CONFIDENTIAL
2
25% of pension
May commute 50% of
pension into a lump
sum.
commute
May
into a lump sum.
Option Period for New Pension Scheme
2.
Serving officers who wish to apply to join the
New Pension Scheme must exercise their option before their 50th birthday or 1.7.1992 whichever is the earlier.
Points of Controvery for HMOCS Members
3.
General
In the absence of any announcement about а
Scheme, Compensation
officers,
of age
many
HMOCS
years
particularly those who would reach 45-55 before 1997, would remain on the Old Pension Scheme so that they can apply to retire on pension if the worst came to the worst. HMOCS members therefore want an announcement of the details of compensation arrangements before the option period expires.
Assessment
4.
applies
The option to join the New Pension Scheme the Civil Service as a whole and is in no way restricted to expatriate officers only. Extension of the
to
CONFIDENTIAL
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