1.
permit.
The kind of
14
Improvements
which we are now
look ing at are to reduce the qualifying periods,
adjust
the cut off dates, increase the amounts
practicable way ca n be
payable and possibly,
if a
found, to make the benefits transferable. On the
second point, many employers are in fact taking steps
to cover their LSP liabilities by setting up private
retirement schemes, one effect of which is to provide
some form of retirement or resignation benefit to all
employees irrespective of whether they qualify for
the LSP. Some 70 new private schemes are now being
approved every month.
25.
This rapid increase in the number of
private retirement schemes is encouraging, and we
intend to encourage it further with a publicity and
information campaign in parallel with the measures to
improve the regulation of private schemes.
Mrs.
Tam S.
cap
from
I would hope that the
fears that more regulation will deter employers
setting
schemes. up
regulations eventually passed into law by this
Council would be a sensible package unlikely to deter
employers. Indeed prudent regulations
fact, help tọ promote the healthy
private retirement schemes.
could,
in
development
of
26.
examined
Sir, the CPF was rejected only after being
exhaustively
and, I am tempted to say,