Public will be consulted on pension, say ministers

With radical lawmakers mounting a filibuster of the budget bill to press the case for a universal pension scheme, government ministers yesterday said the public would be consulted soon on a retirement protection scheme.

A public consultation was "inevitable" once a government study of options was completed early next year, the treasury and welfare ministers said.

People Power lawmaker Albert Chan Wai-yip, a driving force behind the filibuster, which is holding up passage of the bill, welcomed their message.

Writing on his official blog, labour and welfare chief Matthew Cheung Kin-chung reiterated that a task force under the Poverty Commission, headed by Chief Secretary Carrie Lam Cheng Yuet-ngor, was studying retirement protection.

Cheung, the task force's deputy chairman, indicated a public consultation might come as early as next year. "The study will finish by early [2014], and it will provide the foundation for an in-depth, rational and comprehensive discussion in society on the issue, and for a consensus to be reached."

Speaking on Commercial Radio, Secretary for Financial Services and the Treasury Professor Chan Ka-keung said a consultation was inevitable.