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THURSDAY, MAY 9, 1991
GATEWAY TO
"HERE, ONE WILL FIND AN EFFICIENT INFRASTRUCTURE, HIGH QUALITY MANPOWER RESOURCES, AND A STRATEGIC LOCATION, BOTH AS THE CHINA AND AS THE HUB OF ASIA PACIFIC, HE SAID.
ו
MANUFACTURERS
HAD
ΤΟ SOUTHERN CHINA AND RELATIVELY CHEAP LAND AND
HE SAID IN RECENT YEARS SOME HONG KONG
INTENSIVE OPERATIONS RELOCATED MORE LABOUR SOUTHEAST ASIA TO TAKE ADVANTAGE OF THE LABOUR AVAILABLE THERE.
SUCH OUTWARD PROCESSING OPERATIONS HAD LED HONG KONG TO ASSUME
LINKAGE MATERIALS AND THE NEW ROLE OF SUPPLYING QUALITY
AS PARTS, WELL AS THE PROVISION OF MANAGEMENT, ENGINEERING
AND (DESIGN DEVELOPMENT), PRODUCT TESTING, QUALITY CONTROL AND MARKETING SERVICES, MR WONG SAID.
PENSION BENEFITS FOR VTC STAFF
THE EXECUTIVE COUNCIL HAS GIVEN APPROVAL FOR THE PENSIONS (SPECIAL PROVISIONS) (VOCATIONAL TRAINING COUNCIL) BILL 1991 TO BE INTRODUCED INTO THE LEGISLATIVE COUNCIL.
ANNOUNCING THIS, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY) THAT THE BILL WAS REQUIRED TO ENABLE CERTAIN OFFICERS TRANSFERRING FROM THE CIVIL SERVICE TO THE VOCATIONAL TRAINING COUNCIL (VTC} ΤΟ OPT TO HAVE THEIR ACCRUED PENSION RIGHTS PRESERVED.
IN DECEMBER LAST YEAR, THE EXECUTIVE COUNCIL APPROVED A PACKAGE OF BRIDGING-OVER ARRANGEMENTS ΤΟ ENABLE STAFF OF THE TECHNICAL EDUCATION AND INDUSTRIAL TRAINING DEPARTMENT TO TRANSFER ΤΟ THE VTC.
"ONE OF ITS OPTIONS IS TO TRANSFER WITH MIXED SERVICE PENSION BENEFITS, THAT IS, THE STAFF WILL CONTINUE ΤΟ BARN CIVIL SERVICE PENSION BENEFITS AS IF THEY WERE SERVING CIVIL SERVANTS DURING THE PERIOD OF EMPLOYMENT WITH THE VTC," THE SPOKESMAN SAID.
"UNDER THE AGREEMENT REACHED WITH THE VTC, THE GOVERNMENT WILL BEAR THE LIABILITY FOR PAYMENT OF PENSIONS ΤΟ THE TRANSFERRED OFFICERS, BUT THE PENSION ON-COSTS FOR THESE OFFICERS WILL BE REIMBURSED TO THE GOVERNMENT BY THE VTC.
+4
'A CONSEQUENTIAL AMENDMENT TO THE VOCATIONAL ORDINANCE IS INTRODUCED TO EMPOWER THE VTC TO MAKE THE GOVERNMENT."
TRAINING COUNCIL SUCH PAYMENTS TO
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