-
Advertisement

$20m for 10 officials forced to retire

Reading Time:1 minute
Why you can trust SCMP
Jimmy Cheung

Ten senior officials have been forced to retire with compensation of $20 million under a scheme to get rid of mediocre staff, the Government has revealed.

But to dispel concerns over the amount, the Civil Service Bureau has also outlined how much taxpayers would have had to pay if the officials had stayed until their normal retirement age.

According to the bureau, a 45-year-old directorate-grade official with 20 years' service, earning $130,050 a month, would receive $5.3 million in compensation if forced out.

Advertisement

This is $1.75 million more than he would receive if he quit voluntarily. But it is $1.16 million less than he would get if he was to serve until 60, according to the bureau. Salary payments for his remaining 15 years of service would also cost taxpayers $23.4 million.

The bureau has come under attack for keeping lawmakers in the dark about compensation details under the forced retirement scheme. Critics had also questioned if mediocre officials deserved such compensation.

Advertisement

In a paper defending the scheme, the bureau maintained that all details had been clearly explained when it was put to Legco for approval. The compensation was normal practice for loss of fringe benefits, it said.

Advertisement
Select Voice
Select Speed
1.00x