• Sat
  • Dec 27, 2014
  • Updated: 3:17am

Pension

'Pay mechanism' has led to 'expat'-level salaries

Public pressure has sent a clear message to the Government that civil service salaries are too high.

Sunday, 21 April, 2002, 12:00am

$20m for 10 officials forced to retire

Ten senior officials have been forced to retire with compensation of $20 million under a scheme to get rid of mediocre staff, the Government has revealed.

But to dispel concerns over the amount, the Civil Service Bureau has also outlined how much taxpayers would have had to pay if the officials had stayed until their normal retirement age.

9 Feb 2002 - 12:00am

Government inaction could lead to polarised society

Recent comments made by Liberal Party members and your correspondents, in these columns, have once again brought into focus the brewing public discontent with the disparity between civil service and private sector remuneration.

20 Nov 2001 - 12:00am

Government inaction could lead to polarised society

Recent comments made by Liberal Party members and your correspondents, in these columns, have once again brought into focus the brewing public discontent with the disparity between civil service and private sector remuneration.

19 Nov 2001 - 12:00am

Pensioners' payments plight set to worsen

Pensioners in the northwest province of Ningxia last year received pensions for just 4.5 months, with state-owned companies the worst offenders, the Legal Daily reported yesterday.

15 Jan 2001 - 12:00am

Pensioners lose out in factories' cash crisis

Thousands of retired people in the southwest city of Chongqing are receiving no pension, and the total of arrears is rising because the number of active workers is too low and many companies avoid their obligations.

20 Sep 2000 - 12:00am

Job security 'helps keep employees from shoeshining and backstabbing'

Attractive wages and pensions were needed for the civil service, a lawmaker argued yesterday.

Andrew Wong Wang-fat, non-affiliated, said the overhaul in the civil service had taken the 'wrong' direction, as they needed to be politically impartial.

26 Mar 1999 - 12:00am

Feeling the chill

If a wage freeze was the only hardship anticipated by workers as a new year approaches, the Government's popularity rating might not have plummeted by a further 20 points.

29 Dec 1998 - 12:00am

Hands-off policy best for pension funds

THOUSANDS of Hong Kong workers who have never invested actively in a unit trust or mutual fund in their lives - and never wanted to - are now finding they have no choice.

Tens of thousands more will soon be in the same position - and that is before the Mandatory Provident Fund finally splutters into life.

22 Nov 1998 - 12:00am

Yaohan Best Electical staff resignation dispute

More than 240 workers at a company affiliated to defunct Yaohan Department Stores last night claimed their employer had asked them to resign without compensation.

Staff of Yaohan Best Electrical (Hong Kong) Company Limited said they had been promised new jobs if they did not pursue pension payments. They were told they would be allocated work in the company's new branches.

5 Dec 1997 - 12:00am

Pensions plan falters

A NEW Guangdong pension scheme is in trouble as firms hit by a tightening credit squeeze fail to pay contributions.

Vice-chief of Guangdong's Social Insurance Bureau, Long Huisi, said outstanding payments had doubled last year to about four per cent from less than two per cent in 1993.

16 May 1995 - 12:00am

Welfare increase paltry

THE 8.5 per cent increase in payments to the elderly, poor and disabled offered yesterday by Secretary for Health and Welfare Katherine Fok could be described as a realistic proposal that cushions the needy against inflation at a time of pressing and conflicting demands on the Government's purse. Alternatively, it could be described as mean.

14 Feb 1995 - 12:00am

Mainland inflation tipped to hit 18pc

CHINA'S inflation rate this year could be about 18 per cent against 24.2 per cent estimated for 1994, said Shanghai HK International Securities.

However, the brokerage did not expect the Chinese Government to resort to drastic measures to control inflation.

13 Feb 1995 - 12:00am

Suggesting more realistic plan

THE promises of an old age pension for everyone, housing for all hut dwellers and other goodies, were the promises of a politician seeking applause rather than well thought-out, viable strategies by a responsible government.

8 Feb 1995 - 12:00am

Don't wind up hung, overdrawn and quartered

A REPUTABLE international bank wouldn't enlist the help of unorthodox characters to chase up folks who don't pay their credit card bills, would it? Of course not. So it was baffling to hear this tale from someone who owes $3,000 on his credit card and has done so for rather longer than the bank would like, thanks, he says, to his meagre salary.

18 Nov 1994 - 12:00am