14-DEC-1993 19:17
COMMS OFFICE (GOVT HOUSE)
852 530 3284
P.12
11
18.
MY
pursue the
option that
intention to
President, it is Government's
option of a contributory OPS, as it is the only can tackle the problem of financial provision
within a reasonably short time. But it would
be a major step for Hong Kong. We have to proceed with
ourselves with 2 few provisos
fox
old age
great care, and satisfy
first.
First, it is vital that the benefits under the
scheme Cal
kept el a level which can be fully financed
from contributions and yet is meaningful. We shall employ
expert consultants to advise us
financing and
the feasibility of
administering the scheme. Second, we should
only proceed if there is broad public acceptance that this
is indeed what the community wants. Third, given its
fundamental and long-term implications, we shall have to
consult China before making a decision.
19.
based on
We still have
Mr President, our conclusion on the way forward is
extensive research and analysis of experiences elsewhere, and has taken into account a wide range of public views expressed over the last year.
much work to do in promoting voluntary
conducting the feasibility study. In the meantime, we
shall listen to public views as to whether a contributory is the way that the community as a whole is prepared to
OPS
go.
schemes and in
20.
Thank you.
TOTAL
P. 12.