• Sat
  • Aug 23, 2014
  • Updated: 11:59am


Pensions plan falters

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

Tuesday, 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

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.

22 Sep 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