RESTRICTED
FM FCO
TO IMMEDIATE HONG KONG
TELNO 1735
OF 19153OZ SEPTEMBER 90
RESTRICTED
HKB 431 / A
81
032055
MDHOAN 7306
TOP COPY Q DIST?
FOR CSB
PENSION PROVISIONS IN HONG KONG
1.
WE HAVE HAD A WIDE RANGING LETTER FROM THE NATIONAL AND LOCAL GOVERNMENT OFFICERS' ASSOCIATION (NALGO) STATING THAT QUOTE THERE IS CURRENTLY NO GENERAL PENSION PROVISION IN HONG KONG, OTHER THAN FOR THE CIVIL SERVICE AND LARGE CORPORATIONS, AND SURVEYS HAVE SHOWN THAT BOTH EMPLOYERS AND EMPLOYEES ARE LARGELY IN FAVOUR OF SUCH A FUND UNQUOTE. THE LETTER URGES THE INTRODUCTION OF A CENTRAL PROVIDENT FUND MODELLED ON THAT IN SINGAPORE.
2.
GRATEFUL FOR ADVICE ON HOW TO REPLY DESKBY 21093OZ. FOLLOWS BY FAX TO CSB.
HURD
LETTER
YYYY
ΜΑΙΝ
MINIMAL
NNNN
15
DISTRIBUTION
15
HKD
1
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