TNAG-2425-FCO40-3527-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 99

11

DRAFT

For decision

on

CONFIDENTIAL

XCC ( )

Copy No.

THE PROBLEM

MEMORANDUM FOR EXECUTIVE COUNCIL

PUBLIC SERVICE : PENSION SAFEGUARDS

Servants

of

have

Despite

reassurances, since 4 June 1989 Civil

expressed increased concern about the security

pensions and have asked for the provision of pension

safeguards.

In order to address this concern the

Administration has been examining the feasibility of a number

of pension safeguard options. A decision needs to be made on

whether to implement any of these options.

RECOMMENDATION AND ADVICE SOUGHT

2.

Members are asked to advise whether a one-year

roll forward Civil Service pension reserve fund (paras 21-27)

should be further pursued.

BACKGROUND AND ARGUMENT

3.

are secure.

The Hong Kong Government believes that pensions

Pensions are both a statutory right, and a

CONFIDENTIAL

کے