• Fri
  • Dec 19, 2014
  • Updated: 4:15pm

Pension

Directors enjoy 18pc wage rises

DIRECTORS of Hong Kong's largest companies increased their salaries by an average 18 per cent last year - far higher than the 12 per cent increase enjoyed by the average person in the street.

Thursday, 22 September, 1994, 12:00am

Plea to help destitute aged

THE Liberal Party is likely to ask the Government to pay another $2 billion to take care of about 100,000 destitute elderly in its pension counter-proposal.

The party is to suggest extending the existing welfare net to cover all single people aged 60 or above and increasing the public assistance for the elderly from the rate of $1,670 to $2,300 [at 1994 level] a month.

14 Sep 1994 - 12:00am

Don't be fooled by pension propaganda

I REFER to Mr A. E. Gazeley's letter ''Pensions Should Cover Everyone'' (South China Morning Post, July 25). The point he made was that everybody over 65 should automatically be eligible to draw on the Old Age Pension (OAP) fund and that there should be no means test as it is demeaning.

4 Aug 1994 - 12:00am

Fears over old age pension plan dismissed

THE Government has dismissed fears that the proposed old age pension scheme would pose a huge financial burden for the post-1997 government as a result of ''over-optimistic'' predictions.

15 Jul 1994 - 12:00am

China given time to mull pension plan

GOVERNOR Chris Patten has written to senior Chinese official Lu Ping on the Government's old-age pension scheme, which will be made public today.

Mr Patten notified the Hong Kong and Macau Affairs Office Director of the key points last week.

12 Jul 1994 - 12:00am

Making life and death decisions

HOW much life assurance cover do you really need? This is one of the integral aspects of anyone's financial planning.

The basis of a financial plan should be the calculation of how much capital you will need in retirement. But equally important is the calculation of how much your dependants will need if you do not make it to retirement age.

20 Mar 1994 - 12:00am

Must act now to help old people

EVERY government official who is involved with the proposed old age pension scheme, needs to read and re-read Professor Isaac Ehrlich's article: ''Pensions the world would like to forget'', published in your paper on January 18.

28 Jan 1994 - 12:00am

Pensions the world would like to forget

FOLLOWING three decades of intermittent deliberations about the wisdom of introducing a comprehensive old-age security system in Hong Kong, and having had the unusual opportunity of applying lessons from other countries' experiences with various systems, the Government has finally come up with an Old-Age Pension Scheme (OPS).

18 Jan 1994 - 12:00am

Why fund a non-starter

I AM replying to the letter from Y.Y. Tang (South China Morning Post, November 23), about his proposal for a provident fund.

Mr Tang fails to note three important points with regard to the provident fund proposal.

The first point is that many countries are now faced with a huge welfare bill for funds they themselves have set up.

26 Nov 1993 - 12:00am

Poor show on welfare for aged

JIMMY McGregor's withdrawal of motion debate was a defeat for the elderly in Hong Kong. Despite Hong Kong's prosperity for the past three decades, a large percentage of Hong Kong's elderly still live in poverty.

Many are totally dependent on old-age assistance, which at the current level just barely keeps one surviving, let alone living with any kind of dignity.

9 Nov 1993 - 12:00am

Maids don't deserve rise

I FEEL compelled to write regarding the current issue concerning the Filipino domestic helpers' inflation-based demand for a salary increase.

I was surprised to read that a HK$300 increase has been granted.

However my surprise was not the increase but the fact that they were considering industrial action.

18 Sep 1993 - 12:00am

Foreign domestic helpers doing very nicely

THE foreign domestic helpers appear to be very discontented.

They have asked for a tremendous salary increase of 18.75 per cent this year and a further rise to HK$4,200 next year. In addition, they want to have their working hours defined.

28 Aug 1993 - 12:00am

Agents to fight home loan back tracking

THE Real Estate Institute of Australia (REIA) is waging a campaign over an Australian Government election promise which the REIA says could boost the housing industry, but which looks set to be modified or dropped in the August 17 budget.

11 Aug 1993 - 12:00am

Legislators win change to US post

THE Government has dropped a proposal that would have allowed Hongkong's new ''ambassador'' to the United States, Mr Barrie Wiggham, to leave the civil service, collect a $5 million pension payment and then rejoin.

But the envoy - to be known as the Commissioner for Economic and Trade Affairs - will still get a $20 million official residence.

24 Apr 1993 - 12:00am

Many unhappy returns from pension funds

HONGKONG, with its low tax base, good salaries and perks packages, has given most expatriates more money than they had hoped of earning back home.

For the financial planner it has given rise to a multitude of financial products and packages aimed at giving the expatriate peace of mind for the future.

21 Mar 1993 - 12:00am