TNAG-2429-FCO40-3531-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1993 — Page 192

aefl.rw/docs/6.5.11

Option C

insert a new advantage (a): "Demonstrably fair to the UK

taxpayer"; insert а new advantage (b): insert a new

advantage (b): "Contingent costs likely to be lower than

option A (due to safeguard levels tailored to each officer instead of single trigger for all)";

promote disadvantage (d) to (a) and add: "(some existing HMOCS pensioners would have retired at below UK pension

levels).";

delete "Very" in disadvantages (a) and (c), and insert "(and costs)" after "introduction".

in advantage (a), replace "circumstances" with "exchange

rate", and add at the end: "if the HK$ were to weaken in this period, HMG's liability could be significantly

reduced."

Option D

Option E

in disadvantage (a), replace "no" with "limited"; add at the end of (c): "which is likely to be more expensive."; for (d) repeat as for Option A disadvantage (c).

delete advantage (b) and replace with: "Would reduce contingent liability to the extent that it encouraged

officers to retire early to guarantee the level of their

safeguard";

delete disadvantage (đ).

replace

headline with "HMG PROFITS FROM HMOCS WHEN HK$

IS STRONG";