TNAG-2428-FCO40-3530-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 79

options.1.HMOCS

MVS

HONG KONG: HM OVERSEAS CIVIL SERVICE: OPTIONS PAPER ON STERLING SAFEGUARDS AND COMPENSATION

1. OPTIONS FOR HMG FUNDED ARRANGEMENTS

STERLING SAFEGUARDS FOR PENSIONS

i)

OPTION A. FIXED TRIGGER

ii)

OPTION B. COMPARATOR

iii) OPTION C. AVERAGE EXCHANGE RATE OVER EXTENDED PERIOD

iv) OPTION D. EXCHANGE RATE AT DATE OF RETIREMENT

v)

vi)

OPTION E. HKG/SARG PAY HMG WHICH PAYS PENSION AT FIXED

RATE

OPTION F. HMG TO UNDERWRITE NON-COMMUTABLE ELEMENT

vii) OPTION G. PRIVATE SECTOR SCHEME

COMPENSATION

vii) OPTION A. ORIGIONAL PROPOSAL

ix) OPTION B. HMOCS PROPOSAL

x)

OPTION C. NEW OPTION

xi) OPTION D. NEW OPTION

II. OPTIONS WITHOUT HMG FUNDING

xii) OPTION A. NO ASSISTANCE

xiii) OPTION B. HKG INSTRUCTED TO PAY FUNDS TO HMG

xiv) SUPPLEMENTARY PENSION FOR OVERSEAS SERVICE

1