TNAG-2417-FCO40-3519-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 145

# 1.

HMOCS

Serving Officers, Potential Members, Pensioners

Values of Pension Liability Dec 1991

Single Payment

HK$ billion

5 Annual Paym from 6/92 to i

Capitalised Value as at 1992

1.

2.

All pensionable service; All payments from 1.1.92

Service before 1.1.92; Payments from

5.0

1.1.92

3.2

•

•

3.

4.

All pensionable service; All payments from 30.6.97

Service before 1.1.92; Payments from 30.6.97

3.8

2.3

1.10

0.70

0.85

0.50

Notes

(1)

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.

K