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It is the policy of the Foreign and Commonwealth Office (FCO) to do all we can to avoid compulsory redundancies. But, following the 2004 spending review, we have carried out a restructuring exercise to realise efficiency savings. This early retirement programme will enable us to reduce the size of the senior management structure in the FCO by 18 per cent. by
|12 months preceding 30 June 2004||3,217,003|
|12 months preceding 30 June 2005||10,901,738|
|12 months preceding 30 June 2006||16,189,129|
The amounts quoted include FCO costs to the Cabinet Office to cover the additional years included in compensatory packages, compensatory lump sums under the Principle Civil Service Pension Scheme and annual pension payments until the officer reaches 60.
All payments to early retirees have been calculated and paid in strict accordance with the terms of the standard Civil Service Compensation Schemes.