TNAG-2425-FCO40-3527-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 92

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CONFIDENTIAL #3

FINANCIAL IMPLICATIONS

10

26.

There is no financial implications of the proposal

not to further pursue any pension safeguard option.

STAFF REACTION

27.

Administration

Staff will be disappointed when they know that the

decides not to pursue any pension safeguard

options for the civil service. It is likely that the central

staff councils would join forces in making strong protest.

Staff may feel that their patience in the past years waiting

for the outcome of the Administration's pension safeguard

study has not worked in their favour. They might adopt more

radical tactics in pressing for their demands in future. The

morale of the civil service may be affected to some extent.

PUBLIC REACTION

28.

strong

It is

reaction

unlikely that the public will have any

to

Government not pursuing any pension

safeguard for the civil service.

G.F. 326

CONFIDENTIAL #