TNAG-2397-FCO40-3484-Hong-Kong-Civil-Service-policy-1992 — Page 89

$15

the

to

This

Hong

Kong

roll-over

of fund To allow a 5-year of pension alone. billion, the amount involved is about $5 billion per year in next 3 years so that the $15 billion could be made available

1997. serve as a small reserve fund for pensions before

to attract interest Fund would continue Reserve Fund.

like the

but

be

We consider the setting up of the Fund as a must, we hope, an additional proposal with various options can also

categories produced to meet the needs of officers of different

include upon their individual circumstances. The options could the setting up of a Civil Service Provident Fund Scheme, a higher and a modified civil commutation, a Pension Morgage Scheme service housing benefit scheme, etc.

shall

We belief the availability of this Pension Reserve Fund and put their would definitely allay civil servants' anxiety minds at ease. If not, we afraid, civil servants' worries continue to prevail and thus very detrimental to the Government's effective administration to the territory, thereby eroding Kong's continuing prosperity and stability, a price the territory can hardly afford to pay.

take Chinese

Hong

could

the

The Association therefore sincerely hopes if you up the matter with the Chinese Government and persuade

out Officials so that concrete measures could be worked

Joint Liaison Group. Sino-British

If possible the, at the

to

to wishes

you or .. your Association

express representative directly in London in the nearest future.

its

views

On behalf of the members of the Association I thank you in advance for your kind attention.

Yours faithfully,

(Peter H WONG }

President