сер
Speech by the Chief Secretary
in the Legislative Council on 11 May 1988
Pensions (Increase) Ordinance (Cap. 305) Widows and Orphans Pension (Increase) Ordinance (Cap. 205)
He said:
Sir,
paper.
I move the first motion standing in my name on the order
The Government's declared policy is to maintain the
original purchasing power of civil service pensions, including
pensions payable under the Widows and Orphans Pension Scheme and
This is achieved under the Widows' and Children's Pensions Scheme.
by periodic pension adjustments in line with movements in the
Consumer Price Index (A).
Six, During the latest review period from 1 April 1987 to
31 March 1988, the moving annual average of the Consumer Price Index
rosz
(A) rest by 6.5 points or 6.2. In line with established practice,
it is proposed that a pension increase of 6% should be awarded. with
effect from 1 April 1988.
4/26.
лёг селя
per
cent
The total cost of increasing all pensions by 666/is
This is a statutory estimated at $49.8 million for a full year.
charge which may be authorised by Resolution of this Council under
the appropriate ordinances.
Σ
per cent
lc
Sir, I beg to move.
Question proposed, put and agreed to.