3
WEDNESDAY, MAY 1, 1991
MR STRACHAN ALSO ENCOURAGED THE PUBLIC ΤΟ TELL THE POLICE PROMPTLY WHEN THEY WERE INTIMIDATED OR THREATENED.
"THE POLICE WILL PROTECT THE ANONYMITY OF INFORMANTS.
"THE
GOVERNMENT
AND THE COMMUNITY MUST JOIN
DEMONSTRATE OUR STRENGTH AND THE RESOLVE то STAMP ACTIVITIES, HE SAID.
**
TOGETHER ΤΟ OUT TRIAD
BILL TO REGULATE PRIVATE RETIREMENT SCHEMES MOVED
*
THE AIM OF THE OCCUPATIONAL RETIREMENT SCHEMES BILL 1991 IS ΤΟ PROVIDE A FRAMEWORK FOR THE REGULATION OF PRIVATE RETIREMENT SCHEMES IN HONG KONG SO AS TO ENSURE THAT RETIREMENT BENEFITS PROMISED ΤΟ EMPLOYEES WILL BE PAID WHEN THEY FALL DUE.
MOVING THE SECOND READING OF THE BILL IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY), THE ACTING FINANCIAL SECRETARY, THE HON HAMISH MACLEOD, SAID IT WAS NOT INTENDED TO COMPEL EMPLOYERS TO SET UP RETIREMENT SCHEMES, NOR TO SPECIFY A MINIMUM LEVEL OF BENEFITS.
IN JULY 1990, THE GOVERNMENT PUBLISHED THE OCCUPATIONAL PENSION SCHEMES (COMMERCE, TRADE AND INDUSTRY ETC) BILL 1990 AS A WHITE BILL FOR PUBLIC COMMENT.
DURING THE TWO-MONTH CONSULTATION PERIOD, SUBMISSIONS WERE RECEIVED FROM ABOUT 40 BUSINESS, PROFESSIONAL AND LABOUR ORGANISATIONS, INDICATING STRONG SUPPORT FOR THE REGULATION OF PRIVATE RETIREMENT SCHEMES.
THERE WERE ALSO COMMENTS ON THE DETAILED PROVISIONS OF THE WHITE BILL.
"WE HAVE CAREFULLY EXAMINED ALL THE COMMENTS AND AS A RESULT MADE SOME CHANGES TO THE ORIGINAL PROPOSALS.
"THE OCCUPATIONAL RETIREMENT SCHEMES BILL 1991 NOW PLACED BEFORE THIS COUNCIL IS THE RESULT OF THIS PROCESS, MR MACLEOD SAID.
M
HE SAID THE KEY FEATURES OF THE BILL WERE AS FOLLOWS:
FIRSTLY, THE BILL HAD A WIDE COVERAGE. ALL SCHEMES WHICH WERE OPERATING IN HONG KONG AND ALL SCHEMES TOWARDS WHICH CONTRIBUTIONS WERE MADE IN HONG KONG WERE COVERED.
"THIS IS NECESSARY TO AVOID POSSIBLE ABUSE BY EMPLOYERS SETTING SCHEMES WITH AN OVERSEAS DOMICILE ΤΟ EVADE THE REGULATORY REQUIREMENTS, THE ACTING FINANCIAL SECRETARY SAID.
UP
/SECONDLY, WHILE