RESTRICTED
5. We continue actively to explore different options for addressing HMOCS officers' concerns about the sterling values of their pensions after 1997. Some of these options would require an element of funding by HMG or the acceptance by HMG of a contingent liability. Others would not. We expect to be able to take decisions about this within three months and shall then open consultations on this subject too.
6. Finally, the Government are also considering whether to amend the operation of the rules for calculating the UK Supplementary Pension for Overseas Service (SPOS) to provide improved treatment for pensioners affected by exchange rate fluctuations. We expect to decide about this within three months too and, depending on the outcome, we shall then discuss the details with the Overseas Service Pensioners'
Association.
NC2AAZ/2
RESTRICTED
No comments yet.
Private notes are available after approval.