TNAG-2417-FCO40-3519-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 220

HMOCS

-

Serving Officers, Potential Members, Pensioners

Values of Pension Liability. Dec 1991

Capitalised Value as at 1992

Single Payment

HKS billion

5 Annual Payments from 6/92 to 6/96

•

2.

Service before 1.1.92; Payments from

All pensionable service; All payments from 1.1.92

1.1.92

5.0

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

1.10

0.70

0.85

0.50

2.3

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.