• Thu
  • Jul 31, 2014
  • Updated: 6:54pm

Pension

Head of Auxiliary Medical Service risks losing pension over room furore

The retiring head of the Auxiliary Medical Service risks losing his pension after he came under fire for allegedly occupying a room in its headquarters for private use.

Tuesday, 21 August, 2012, 3:08am

Enjoy life by saving today

As young people become more educated and lead a healthy lifestyle, they are increasingly looking forward to a comfortable and active life after retirement.

26 Jun 2012 - 12:00am

Benefits are hot amid zero to slight salary increases

Providing in-depth insights of salaries and employment market trends across various industry sectors, the Hays 2012 Salary Guide indicates that Hong Kong employees should brace themselves for only a modest salary increase over the coming months.

3 Mar 2012 - 12:00am

MPF loss averaged 8.4pc last year

Last year's turmoil on global financial markets battered the retirement funds of the 2.5 million Hong Kong employees in the Mandatory Provident Fund. Their investments lost an average of 8.41 per cent last year.

It was the second-worst performance since the launch of the scheme in 2000; in 2008 the global financial crisis saw MPF funds plunge an average of 26 per cent.

5 Jan 2012 - 12:00am

Tang backs pensions for all - in principle

Despite not having formally announced that he will run for the post of chief executive, Henry Tang Ying-yen yesterday ended a week filled with very public meet-and-greet sessions by saying he backed the introduction of a universal pension scheme. Retirement should be a time of dignity, he said.

22 Oct 2011 - 12:00am

Smart Money

Some helpful investing resources:

mpfa.org.hk

11 Jul 2011 - 12:00am

Fuelling the debate on retirement age

In a workaholic society like Hong Kong, a lifetime of toil lies ahead for most employees. While some fortunate workers may be able to save enough to opt for early retirement - perhaps as early as in their 40s - the majority have to work until mandatory retirement, generally at the age of 60 or 65.

30 May 2011 - 12:00am

Dreams of early retirement begin to fade

Everyone is still entitled to dreams of early retirement, but the wake-up call of the recession has forced many to recognise the widening distance between dreams and reality.

24 Oct 2009 - 12:00am

Bankrupt ex-teacher's pension is fair game for creditors, judge rules

If you declare bankruptcy, do not assume pension savings are safe from the reach of creditors.

That was the cautionary message from a Court of First Instance judge yesterday, who ruled that a retired teacher cannot keep the HK$2.5 million he amassed in a mandatory retirement fund during almost three decades at a subsidised school.

24 Jul 2008 - 12:00am

Firms must rise to challenge

Rising payroll costs and limited staff mean that companies in the mainland will have to adopt a more comprehensive approach to their human resources policies, which must take into account not just remuneration but also other employee needs.

21 Feb 2008 - 12:00am