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  1. Comment - Insight & Opinion - PUBLIC EYE

    I'll say it again: payout for all elderly is lunacy

    Posted Oct 17th 2012, 12:00am by Michael Chugani

    ... rules. No wonder the rich are getting richer. Why aren't our legislators demanding we replace the MPF with a real pension plan? They're busy trying to give the people's money ...

    http://www.scmp.com/comment/insight-opinion/article/1062609/ill-say-it-again-payout-all-elderly-lunacy
  2. News - Hong Kong - PUBLIC EYE

    Activists in PLA barracks break-in deserve an award

    Posted Jan 08th 2014, 03:12am by Michael Chugani

    ... To the four idiots, we confer the Lock Them Up And Throw Away The Key Award.   'Honourable' mention for loopholes in MPF scheme We said we'd give out just one award. We lied. No award ... The MPF has such large loopholes. Did you know that if your boss fires you, he can use his share of your MPF as your severance pay? That means you could end up with only your own MPF contributions ...

    http://www.scmp.com/news/hong-kong/article/1400000/activists-pla-barracks-break-deserve-award
  3. News - Hong Kong - PUBLIC EYE

    Tax the fat cats and give the city's poor a break

    Posted Jan 15th 2014, 03:36am by Michael Chugani

    ... the slave-wage bills of bosses, while the rich pay the same tax percentage as their underpaid staff.   Leung bows to employers' wishes on MPF rules … Fat-cat employers will continue getting another ... retirement money from the wallets of the workers themselves. Under this rule, bosses can use their contributions to your MPF to give you severance pay if you are fired or laid off. This, in fact, ...

    http://www.scmp.com/news/hong-kong/article/1405639/tax-fat-cats-and-give-citys-poor-break
  4. News - Hong Kong - PUBLIC EYE

    Legislators can solve the problem of poverty

    Posted Oct 02nd 2013, 12:00am by Michael Chugani

    ... known as the Mandatory Provident Fund, which was designed not for our retirement, but to fatten up banks and fund managers. So how has the MPF been allowed to last so long? Blame our elected ... And there is no political element in dumping the MPF. Everyone agrees it is a joke, mimicking a pension plan. Together, the pro-establishment and %pro-democracy parties have more than enough votes ...

    http://www.scmp.com/news/hong-kong/article/1322472/legislators-can-solve-problem-poverty

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