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scheme on the lines suggested by the Joint Association
Committee would be minimal as far as General Revenue is
concerned.
Economic Implications
18.
Because of the lack of information concerning the
functioning of Hong Kong's labour market, it is difficult to
provide an accurate analysis of the economic effects of the
various options discussed. However, Hong Kong's economic
viability must depend on its ability to adjust to changing
circumstances.
19.
Hong Kong needs a mobile labour force if the
adjustment mechanism is to operate effectively. To maintain
mobility the following features are desirable in any scheme:
transferability of accrued rights;
(a)
(b)
no encouragement of discriminatory employment
practices.
Each of the options discussed has been examined in respect
of these aspects (paragraphs 11, 12 and 16), and the
conclusion is that, from the point of view of the economy,
the scheme should be compulsory.
Advice Sought
20.
(a)
Honourable Members are asked to advise:
whether a decision in principle should be taken
to introduce one of the social insurance
schemes specified in paragraph 9; and if so,
(b) whether the scheme should include death or
retirement benefits;
(c) which of the three options specified in
paragraph 9 should be adopted;
(a) whether the administrative costs of a
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