TNAG-2270-FCO40-3269-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1991 — Page 72

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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2.4

2.5

2.6

2.7

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Choices for Individuals

Options : a) b)

scheme mandatory for all individuals given :

a) one option (i) in 1992

(ii) between 1992 and 1997

b) several option dates

between 1992 and 1997

Calculation of capitalised current value

Options as to

: "a) discount rate b) exchange rate

Phasing of transfer payment

Options : a)

one payment v

b)

c)

payment

equal instalment payments

reflecting numbers opting for scheme in any year

Age from which pensions payable in UK

Options

: a) on retirement from HKG

b)

from pre-determined standard ages (eg. 55)

1:

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