TNAG-2417-FCO40-3519-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 191

ANNEX C2

FCO/ODA Scheme

1.

This scheme is essentially the traditional arrangements

minus the right to retire in 1997 with early payment of

pension. (Compensation is a separate issue.) It would thus simply involve a sterling safeguard for pensions at a rate

to be determined but recommended at 16:1. Since the main

aim of the scheme is to keep HMOCS members in Hong Kong, it

is proposed that all service, including service post 1997,

would qualify to be safeguarded.

NFJABA/12