The civil service pension obligations cited by John Tsang, with a net present value of HK$600 billion, can be used for old age benefits. Photo: Bloomberg The civil service pension obligations cited by John Tsang, with a net present value of HK$600 billion, can be used for old age benefits. Photo: Bloomberg
The civil service pension obligations cited by John Tsang, with a net present value of HK$600 billion, can be used for old age benefits. Photo: Bloomberg
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

An age-old problem and the sums that just don't add up

The civil service pension obligations cited by John Tsang, with a net present value of HK$600 billion, can be used for old age benefits. Photo: Bloomberg The civil service pension obligations cited by John Tsang, with a net present value of HK$600 billion, can be used for old age benefits. Photo: Bloomberg
The civil service pension obligations cited by John Tsang, with a net present value of HK$600 billion, can be used for old age benefits. Photo: Bloomberg
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.