TNAG-2429-FCO40-3531-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1993 — Page 167

布政司署

香港下亞運畢渲

IF Our Ret:

Ke Your Ref..

CSB-5/3

Mr. J.K. Gray,

Deputy Chairman,

Hong Kong Bank,

1 Queens Road Central, Hong Kong

Dear John

1

GOVERNMENT SECRETARIAT LOWER ALSERT ROAD LONG XONG

Fension Safeguards

5 November 1992

* October.

any sort

Many thanks for your very helpful letter of

I have one final question.

Assuming that there is no external guarantor of as mentioned in paragraph 3 of your letter, would it still be possible to provide such a scheme and, if so could you give a rough indication of the likely costs? Perhaps this might best be posed in a specific example :

a

2.

Officer aged 45 in 1992 currently earning $44,100 per month;

Cus service;

retire in 2002 aged

Se with 35 years

:.

Wisces

protect

She sterling value of his Commuted lump sum pension gratuity from 1992 to 2002:

+

Commuted

ump

Sum pension gratuity WORTH

21,046,400 LA 2002 at 1992 prices.

issue

: hopefully

trouble уси yet again on this the last time.

Your sincerely, Stuart

(S.W. Harbinson)

!

for Secretary for the Civil Service

5