TNAG-2669-FCO40-3866-Hong-Kong-Civil-Service-1993 — Page 276

CONFIDENTIAL

7

機密

Subject

Object

Civil

Service

Το

Pension

issues

for

Latest Position

examine staff requests pension

safeguards

An in-house working group is studying the possible means of operation of a pension reserve fund. A paper on the proposed mode of operation of the

fund

being CSB will start a

reserve

prepared. dialogue on

and

is

a non-committal

basis with the Staff Sides of the central councils as soon as the framework of the fund is agreed. The size of such a fund

its financial implications on HKG and the future SARG will be considered at a later stage. The Chinese will be involved in the discussion through the JLG in due course.

A decision on whether to set up such a fund is to be taken by the end of 1994 but there is pressure from the Staff Sides for an earlier decision.

GF 323

CONFIDENTIAL

機密