options.1.HMOCS
MVS
CONFIDENTIAL
SUPPLEMENTARY PENSION FOR OVERSEAS SERVICE (SPOS)
It is proposed to change the way in which the SPOS regulations are operated as regards Hong Kong pensioners. At present, the regulations mean that there is a reduction in the supplements paid if the Hong Kong dollar exchange rate rises above the level prevailing at the pensioners' date of retirement, but no account is taken of exchange rate falls. It is proposed to remove this anomaly.
Hong Kong Department 30 October 1992
CONFIDENTIAL
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