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  • September 22, 2014
  • Last updated: 9:16pm
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  1. Business - Money - RETIREMENT

    Pensioners get ready for flight

    Posted May 06th 2013, 12:00am by TIFFANY AP

    ... Planning for retirement is daunting. It is made more complicated in Hong Kong because there is no effective state-funded pension plan and the cost of living is astronomical. People planning ... and how best to plan for the years when you have no salary and potentially high medical and insurance costs. In that vein, we asked people who are either retired or are about to retire ...

  2. Magazines - Post Magazine

    Coming home: John Rocha plans to spend time in Hong Kong after retiring from fashion circuit

    Posted Aug 30th 2014, 11:31pm by Francesca Fearon

    ... on the catwalk. In May, the designer stunned the industry by announcing his retirement from the fashion circuit. Next month, his name will be missing from the London Fashion Week schedule, although his ... in which he struggled and didn't have the money to visit his family. Now, the designer is planning to spend six weeks a year in Hong Kong, starting in November, when he'll visit ...

  3. Business - Money - ASK MELANIE

    Ask Melanie: Can you retire on HK$10m?

    Posted Oct 15th 2012, 12:00am by Melanie Nutbeam

    ... the purchasing power of your income over your retirement years will be in decline. Your returns are sparse given the higher levels of risk with such concentrated holdings. You're planning to hold ... retire on HK$10m? My wife and I will retire in a couple of years and will live off investments worth about HK$10 million. We aim to replace our salaries with dividends from blue chip stocks (30 ...

  4. News - Hong Kong - SOCIETY

    Civic Party presses for retirement plan it says government report ignored

    Posted Aug 08th 2014, 05:28am by Jennifer Ngo

    ... Jennifer Ngo jennifer.ngo@scmp.com They say universal pension idea excluded from government analysis is sustainable and valid Civic Party presses for its retirement plan No extra taxes ... proposal was not included in a government-commissioned analysis of six universal retirement plans, due to be released in two weeks, according to media reports. The Civic Party plan calls ...

  5. News - Hong Kong - RETIREMENT

    Police unions say plan for raising retirement age discriminates against current officers

    Posted Aug 04th 2014, 12:33pm by Lana Lam, Phila Siu and Samuel Chan

    ... Lana Lam, Phila Siu and Samuel Chan Civil servants and police are agreed: it should be their choice to keep working or not 'Retirement decision should be up to staff' Police and civil servants say it should be up to them to decide- without a screening system- whether they can work beyond the retirement age. And the four unions representing some 28,000 members ...

  6. One in five workers say their MPF savings have dropped by 40pc

    Posted Nov 19th 2008, 12:00am by Staff Reporter

    ... savings. Asked about his plan after retirement, Mr Chan said: 'I have no plans at all. I have no savings. I think I still have to work if there's anything available for me.' The 300 ... to the survey, 53 per cent of workers saw a loss in their retirement savings plans while only 10 per cent said they had not suffered losses. Some 37 per cent did not know whether or not their MPF savings ...

  7. News - Hong Kong - LABOUR

    Police rehiring plan may derail talks on raising retirement age, unions fear

    Posted Jul 20th 2014, 06:06am by Lana Lam

    ... plan angers unions Police chiefs have moved quickly to quell anger among unions over a controversial move to rehire retired officers on short-term contracts. Several police unions last week expressed shock about the hiring plan, accusing management of failing to consult them and claiming the move undermined talks on raising the mandatory retirement age of 55. The unions' concerns ...

  8. Grappling with grey power

    Posted Oct 29th 2008, 12:00am by Staff Reporter

    ... 'But, for those who reach 70 by 2033, they are among the bulk of the current working population who are much better off financially; most have long planned for their future retirement ... concerns. 'The government should review the planning of services for the elderly, including long-term care, retirement protection and housing support,' said David Fung Kai-man, a veteran ...

  9. Business - Economy - JAKE'S VIEW

    Retire these amateurish efforts at pension reform

    Posted Sep 01st 2014, 02:33pm by Jake Van Der Kamp

    ... Nelson Chow Wing-sun City, September 1 "Given that retirement protection is a highly complex subject... and have far-reaching impact on the fiscal sustainability and socio-economic ... It is just as well that it did so. The scheme was poorly thought out. Take just the matter of making it a universal plan with no means testing. Every senior government bureaucrat would get ...

  10. News - Hong Kong - POVERTY

    Hong Kong General Chamber of Commerce says no to payments for retirement scheme

    Posted Aug 20th 2014, 04:14am by Phila Siu

    ... into the scheme. Table: How the six plans break down   Yuen said she opposed extra taxes for businesses to fund a retirement scheme as this would be "against the international trend". She ... Kong's most influential business chambers says it opposes any retirement protection scheme that would require employers to inject money. Shirley Yuen, chief executive of the Hong Kong General ...




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