17 November 1992
CONFIDENTIAL
Issu
Draft minute from Secretary of State to Chief Secretary to
the Treasury
HONG KONG: ARRANGEMENTS FOR MEMBERS OF HM OVERSEAS CIVIL
SERVICE
I
to
We agreed at our meeting on 16 November that I should let you
have revised set of proposals having sought the Governor's
judgement on what HMOCS officers in Hong Kong could be brought to accept, and his thinking on the right to retirement.
Sterling Safeguard
You proposed that the rate for the HMG-funded sterling
safeguard be set at HK $26: £1 to take into account average salary and pension differentials between Hong Kong and UK civil servants. As you know, In all 42 previous cases no account was ever taken of relative differences in salary and
pensions between HMOCS and UK civil servants. In all of these cases HMOCS officers were provided with a safeguard which protected the full value of their pension. Many of them will
have enjoyed better pension entitlements than their UK
counterparts, but there was never any suggestion that they
should be penalised for this.
спий Рати
The Governor feels strongly that we should not now seek to impose a new principle of strict comparability with salaries
and pensions of UK civil servants. He is however prepared to
sos.let.SA
SLM
CONFIDENTIAL
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