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WEDNESDAY, OCTOBER 12, 1988
"THIS IS AN IMPORTANT STEP FORWARD IN HELPING THOSE WHO CANNOT HELP THEMSELVES."
TURNING TO PRIVATE RETIREMENT SCHEMES, SIR DAVID SAID SUCH SCHEMES AND PROVIDENT FUNDS MADE A USEFUL CONTRIBUTION TOWARDS MEETING THE FINANCIAL NEEDS OF THE ELDERLY.
AT PRESENT THESE SCHEMES OPERATED WITHOUT OFFICIAL SUPERVISION OR REGULATION, AND THE GOVERNMENT HAD, IN JUNE,
PUBLISHED A CONSULTATIVE DOCUMENT PROPOSING THE INTRODUCTION OF A REGULATORY FRAMEWORK.
THE AIM WAS TO ENSURE THAT ASSETS HELD UNDER THESE SCHEMES FOR THE FUTURE BENEFIT OF EMPLOYEES WERE GIVEN PROPER PROTECTION.
"THERE HAS BEEN GENERAL SUPPORT FOR THE PROPOSED SCHEME,
ARE DIVERGENT ALTHOUGH THERE
VIEWS ON SOME ISSUES SUCH AS THE QUALIFICATIONS OF TRUSTEES AND THE NEED FOR INVESTMENT GUIDELINES, HE SAID.
門
"DETAILS OF THE SCHEME ARE NOW BEING FINALISED AND LEGISLATIVE DURING PROPOSALS ARE BEING DRAFTED FOR INTRODUCTION INTO THIS COUNCIL THE CURRENT SESSION.
LEGISLATION "I HOPE THAT THE ENACTMENT OF THE THE ESTABLISHMENT OF MORE PRIVATE RETIREMENT SCHEMES BETTER PROTECTION TO OUR WORKFORCE.
WILL ENCOURAGE SO AS ΤΟ GIVE
LABOUR ON THE SUBJECT OF
LEGISLATION, SIR DAVID SAID SUCH LEGISLATION WOULD CONTINUE TO BE IMPROVED.
THE AIM OF ACHIEVING GOOD PROGRESS HAD BEEN MADE TOWARDS LEVEL OF STATUTORY BENEFITS AND CONTROLS GOVERNING SAFETY, HEALTH CONDITIONS OF EMPLOYMENT BROADLY COMPARABLE TO THE BEST PREVAILING THE REGION.
HAD
SAFETY
A
AND
IN
IN THE PAST YEAR THE OCCUPATIONAL
AND HEALTH COUNCIL BEEN ESTABLISHED ΤΟ PROMOTE A SAFER AND HEALTHIER WORKING WAS EXTENDED TO COVER ENVIRONMENT; THE LONG SERVICE PAYMENT SCHEME
HEALTH; AND NEW CONTROLS RESIGNATIONS ON GROUNDS OF OLD AGE OR ILL WERE INTRODUCED OVER THE USE OF DANGEROUS SUBSTANCES IN FACTORIES.
PROPOSE LEGISLATION TO "IN THIS SESSION, THE GOVERNMENT WILL
GENERAL PROTECT EMPLOYEES' COMPENSATION IN DEFAULT CASES; TO IMPOSE A RESPONSIBILITY ON EMPLOYERS AND EMPLOYEES FOR THE WORK PLACE; AND
TO
INTRODUCE CUSTODIAL
SAFETY AND HEALTH IN SENTENCES FOR SERIOUS
LAPSES IN INDUSTRIAL HEALTH AND SAFETY STANDARDS," HE SAID.
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