a
proposed but if it forms part of a package containing early retirement with pension and a reasonable sterling safeguard, I do not think they will have real cause for complaint.
6. Finally, you have noticed that the opening page of the paper refers to our SPOS amendment in terms which suggest that it would cease to operate from 1997. I have never seen the amendment as having a limited lifespan and do not see how this could be justified. I still believe that the amendment proposed is the most logical and reasonable way to proceed, but if the Treasury are now unwilling to accept it, we need to think of something else to deal with the problem faced by existing pensioners. It is from this group that the legal challenge is most likely to come.
D S FISH
Overseas Pensions Department 23 November 1992
CONFIDENTIAL
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