TNAG-2270-FCO40-3269-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1991 — Page 54

HMOCS

Serving Officers, Potential Members, Pensioners

Values of Pension Liability Dec 1991

-

Single Payment

HK$ billion

5 Annual Payments from 6/92 to 6/96

Capitalised Value as at 1992

2.

3.

1. All pensionable service; All payments from 1.1.92

Service before 1.1.92; Payments from

1.1.92

5.0

3.2

All pensionable service; All payments from 30.6.97

Service before 1.1.92; Payments from 30.6.97

3

.8

2.3

4.

1.10

0.70

0.85

0.50

Notes (i) Costs a little higher, if significant proportion of staff opt to remain in Old Scheme.

(ii) Costs could be lower, if not all "Agreement" staff switch to PPE.

13.