HONG KONG COMPENSATION ORTIONS
1991 HK salaries of 678) HMOCS officers
assume half retire age 55,
the rest age 60
age 55 (447 officers)
age 60 (600 officers)
therefore figures based on 520 officers
aportioned to both age groupe
half retiring in 1997 and the rest staying on
TREASURY PROPOSAL
· half factors
- CAP £120,000
4% RPI
4% RP!
Current
up to
- 5% interest on outstanding balances
Estimated costs
prices
- 1991 exchange rate 13.7769
in UK£ millions
30-44
1997
38-56
from
1992-2001
40-60
37
46
50
1997
7
8
9
1998
10
11
1999
10
11
2000
7
9
10
2001
7
FCO PROPOSAL
- full factors
- CAP £120,000
- 5% interest on outstanding balances
- 1991 exchange rate 13.7769
HONG KONG SCENARIO
4% RPI
4% RPI
Current
up to
from
Latimated cOBLA
in UK£ millions
prices
43-67
1997
1992-2001
54 - 86
58-92
$5
70
1997
1998
1999
2000
2001
10
10
13
11
2 2 = 0
12
16
12
15
13
13
a a 2 % z d
75
13
16
16
15
15
IS
·
full factors
- CAP £270,108
(SAO grade x highest factor)
- 5% interest on outstanding balances
- 1993 exchange rate 11.5537
Estimated costs
in UKA millions
Current
prices
54-91
73
10% RPI 10% RPI
up to
1997
129 - 212
170
from
1992-2001
133 - 224
178
111
1997
13
31
1998
16
37
1999
15
35
2000
15
34
2001
14
33
6ཀྐཎྷ༢
32
37
u y y y 3
37
37
35
32
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