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PAUL FIFOOT
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the sum required to be safeguarded and any SPOS ? Younger officers may well wish to commute up to the limit, and their willingness to do so could be increased if arrangements could be made for them to receive a present, rather than a deferred, pension.
B. II page 6, Option B: Is the sum involved likely to affect the Hong Kong reserves so that Head F of the Sino-British Memorandum of Understanding of July 1991 becomes relevant?
You may wish to bring some of these points forward into the draft letter.
DRAFT LETTER
Paragraph 2(b): are we now fixed on 30th June 1997, notwithstanding the possibility of a grand exodus ?
Paragraph 3, last sentence: should we not make it clear that the legislation could be by Order in Council rather than Act ?
Paragraph 6 lines 9 and 11: "well above" rather than "far above " ? and certainly "at worst" rather than "in extremis".
Paragraph 7, last sentence: do you not think that there should be a reference to the 5% here and not only in the Annex ?
Somewhere: Would it be wise to add a reminder that the question of the right to retire with immediate payment of pension is still outstanding ?
The Compensation Annex: The "guestimates" do not add up to the summarico. -Option A should be up to £ 34-39m"; Option C should be "£51 54m"; Option D should be "£42 - 40m".
why?
No, it is th totals whic
are accuvat we need CDA to work out t yearly pay?s.
2
PAUL FIFOOT 17th August 1992
TOTAL P.02/02
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