COMPENSATION
CONFIDENTIAL
OPTION A: ORIGINAL PROPOSAL
-
-
Use of half traditional factors to calculate notional total
20% payable to all HMOCS officers serving in 1997
Additional 10% payable for each extra year's service under SARG up to 2005
-
No cap
COST: [up to £ 37 m]
1997/98:
up to £10m
1998/99: up to £5m 1999/2000: up to £5m
2000/01: up to £4m 2001/02: up to £4m 2002/03: up to £3m
2003/04: up to £3m
2004/05: up to £2m
2005/06: up to £1m
OPTION B: HMOCS PROPOSAL
Use of full traditional factors
100% payable in lump sum to all in 1997
No cap
COST: [£ 75 m]
1997/98:
£70m
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£75m
options.1.
SLM
CONFIDENTIAL
12
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