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  1. Hardly the retirement plan of choice

    Posted Aug 17th 2005, 12:00am by Simon Patkin

    ... to the individual so they can make their own decisions as to how they will plan for their retirement. The move to a voluntary scheme will be a practical victory for improved market efficiency and a moral ... to underperforming MPF providers, rather than helping individuals save for their retirement. Like me, Mr Webb's solution is to abolish this scheme or to replace it with something voluntary. We cannot ...

  2. Early retirement plan for teachers to be launched

    Posted Jun 20th 2005, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 5.35pm: The government was planning to launch an early retirement scheme for secondary school teachers after 2006, local radio reported on Monday. At a Legislative ... to opt for early retirement. He said the $500-million scheme was needed to curb the growing number of surplus teachers and help secondary schools fill the?3+3+4? system. This is the new secondary ...

  3. Quest for the ideal retirement plan

    Posted Sep 30th 2005, 12:00am by Patsy Moy

    ... Patsy Moy Leong Che-hung, the new Elderly Commission chief, is seeking a scheme which will benefit every member of society A future retirement scheme for Hong Kong should cover housewives ... the main problem with the five-year-old MPF was that it was of little help to those who started making contributions when they had almost reached retirement age. 'I am now 66 and I was told ...

  4. Planning to retire on $2 million in savings? Welcome to hard times

    Posted Aug 08th 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp I RAN ACROSS an interesting survey from Principal Insurance dealing with what people in Hong Kong expect they will need for retirement. The crucial findings were that the average person believes a retirement income of $7,262 per month sufficient and thinks $2 million in savings will cover this expenditure. A wake-up call is needed if this is truly what people ...

  5. Planning for retirement

    Posted Oct 08th 2005, 12:00am by Elizabeth Horscroft

    ... by the one-child policy have created a steadily ageing population. Inevitably, this will put pressure on the nation's coffers as more workers reach retirement age and the standard state pension fails to stretch far in the new economy. Therefore, China's central planners have introduced measures to encourage employers and individuals to assume more responsibility for their post-retirement ...

  6. Backing for retiring

    Posted Jun 25th 2005, 12:00am by Liz Heron

    ... Liz Heron Legislators have called for schools to have flexibility in how they operate a $520 million early-retirement scheme for secondary teachers. The government is planning to launch ... within an annual EMB quota. Schools will be required to draw up plans of their staffing needs and work out their own criteria for approving teacher applications. When the number of eligible ...

  7. Civil service braces for retirement wave

    Posted Aug 23rd 2005, 12:00am by Gary Cheung

    ... on contract in an attempt to avoid a succession crisis. Top officials due to retire by the end of the year include Permanent Secretary for Housing, Planning and Lands Leung Chin-man, Permanent ... to retire next month. Civil servants who opted for the new pension scheme, introduced in 1987, can stay in the civil service until they reach 60, while those in the old plan have to retire at 55. ...

  8. Retired police officers call off new protest

    Posted Dec 29th 2005, 12:00am by Staff Reporter

    ... Benjamin Wong Retired officers upset by Bishop Joseph Zen Ze-kiun's criticism of the police handling of WTO protesters called off a planned sit-in at the Caine Road cathedral just ... expected to take part in last night's sit-in, which was organised by retired officers and did not have the backing of police unions. The organisers eventually decided the event would ...

  9. Proposed rules on retired civil servants' jobs relaxed

    Posted Nov 16th 2005, 12:00am by Staff Reporter

    ... the plan, only those ranked at directorate Grade 4 or above- usually department heads or above- will not be allowed to take up full-time paid jobs within a year of retirement. The six-month ban ... Staff Reporter Proposals to tighten post-retirement employment rules for senior civil servants have been watered down because of staff opposition. Instead of forcing all directorate staff ...

  10. Police chief says he is intent on 'retiring completely'

    Posted Sep 05th 2005, 12:00am by Winnie Yeung

    ... Winnie Yeung The police commissioner said yesterday that he was unlikely to take a job after retiring- in stark contrast to the high-profile positions taken by some predecessors. Dick Lee Ming-kwai said he wished to 'retire completely' when he reached the senior officers' retirement age of 57 in 2007, and hoped to study history. His predecessors had less academic ...




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