CONFIDENTIAL
ANNEX D(5)
STERLING SAFEGUARDS
FCO/ODA Scheme
1. This scheme is essentially the traditional arrangements funded by HMG, 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.
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CONFIDENTIAL
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