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  • July 30, 2014
  • Last updated: 10:02pm
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  1. 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 ...

  2. 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 ...

  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. 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 ...

  5. News - Hong Kong - LABOUR

    Wanted: 240 new prison guards as older ones retire

    Posted Jul 18th 2014, 05:16am by SAMUEL CHAN

    ... disobedience movement, the department said it had no other hiring plans to announce. The police force is said to be planning to recruit part-time staff from its pool of retired officers to increase ... Samuel Chan samuel.chan@scmp.com Correctional services is hiring again to replace retiring staff- and it will speed up the process Wanted: 240 new prison guards to learn the ropes ...

  6. 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 ...

  7. News - China - GRAFT CRACKDOWN

    Retired Guangdong official Li Ruohong under investigation for 'discipline violations'

    Posted Jul 05th 2014, 04:02am by Zhuang Pinghui

    ... Zhuang Pinghui pingghui.zhuang@scmp.com Retired financial official in Guangdong probed A retired provincial-level official in charge of finance in Guangdong is being investigated ... was detained as part of the investigation into Wan, according to People.com.cn, the website of party mouthpiece the People's Daily. Li, 59, a senior economist, retired in June last year after four ...

  8. Sport - Soccer - World cup 2014

    Last-gasp Angel di Maria hails team effort as Argentina send legendary Swiss coach into retirement

    Posted Jul 02nd 2014, 03:00am

    ... from the right. Coach Alejandro Sabella said that was the game plan all along, switching Di Maria’s and Ezequiel Lavezzi’s positions. “We thought that Di Maria and Lavezzi should constantly ...

  9. Comment - Insight & Opinion

    Civil Service must cut the bureaucracy for new retirement plan to work

    Posted Apr 14th 2014, 04:28am by Mike Rowse

    ... Mike Rowse Mike Rowse fears new proposals for civil servants are too complex Cut out the bureaucracy for retirement policy to work I fear the Civil Service Bureau might make a mess of implementing what is basically a very sensible policy. First, the good news. The proposal to raise the normal retirement age for future recruits from 60 to 65 is eminently reasonable. Some people may ...

  10. News - Hong Kong - EMPLOYMENT

    Retirement age of new Hong Kong civil servants to rise to 65 under new plans

    Posted Apr 03rd 2014, 04:32pm by Phila Siu

    ... at 65' plan for civil servants The retirement age of newly hired civil servants will be extended from 60 to 65 under a government plan to tackle the ageing population and shrinking workforce. ... if they passed a series of assessments and physical tests. The Civil Service Bureau also plans to make it easier for employees to work in the private sector after retirement. The government is Hong ...




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