WEDNESDAY, MAY 15, 1991
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MOTIONS PASSED TO UPKEEP CIVIL SERVICE PENSIONS' PURCHASING POWER
TWO MOTIONS WERE PASSED UNDER THE PENSIONS (INCREASE) ORDINANCE AND THE WIDOWS AND ORPHANS PENSION (INCREASE) ORDINANCE TODAY (WEDNESDAY) IN THE LEGISLATIVE COUNCIL TO MAINTAIN THE ORIGINAL PURCHASING POWER OF CIVIL SERVICE PENSIONS.
MOVING THE MOTION UNDER THE PENSIONS (INCREASE) ORDINANCE, THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS, SAID A PENSION INCREASE OF 10.43 PER CENT WAS TO BE AWARDED WITH EFFECT FROM APRIL 1 THIS YEAR.
THE TOTAL COST OF INCREASING ALL PENSIONS BY THIS PERCENTAGE IS ESTIMATED TO BE $135.3 MILLION FOR A FULL YEAR.
SIR PIERS SAID THIS WAS A STATUTORY CHARGE WHICH МІОНТ BR AUTHORISED BY RESOLUTION OF THE LEGISLATIVE COUNCIL UNDER THE APPROPRIATE ORDINANCES.
SIR PIERS SAID IT WAS THE GOVERNMENT'S DECLARED POLICY TO MAINTAIN THE ORIGINAL PURCHASING POWER OF CIVIL SERVICE PENSIONS, INCLUDING PENSIONS PAYABLE UNDER THE WIDOWS AND ORPHANS PENSION SCHEME AND UNDER THE WIDOWS' AND CHILDREN'S PENSIONS SCHEME.
"THIS IS ACHIEVED BY PERIODIC PENSION ADJUSTMENTS IN LINE WITH MOVEMENTS IN THE CONSUMER PRICE INDEX (A)," HE SAID.
DURING THE LATEST REVIEW PERIOD FROM APRIL 1 LAST YEAR TO MARCH 31 THIS YEAR, THE MOVING ANNUAL AVERAGE OF THE CONSUMER PRICE INDEX (A) ROSE BY 13.8 POINTS WHICH WAS EQUIVALENT TO 10.43 PER CENT, SIR PIERS EXPLAINED.
MOTION TO RAISE AIRPORT TAX FOR ADULT PASSED
A
RESOLUTION
THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) PASSED TO INCREASE THE AIR PASSENGER DEPARTURE TAX FOR AN ADULT AND EXEMPT CHILDREN UNDER 12 YEARS OF AGE FROM PAYING THE TAX.
MOVING THE MOTION UNDER THE AIR PASSENGER DEPARTURE TAX ORDINANCE, THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS SAID THE TAX INCREASE FOR AN ADULT WAS FROM $100 TO $150.
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"THE ADDITIONAL REVENUE IS ESTIMATED TO BE APPROXIMATELY $390 MILLION PER ANNUM, SIR PIERS SAID, ADDING THAT THERE WERE STAFFING IMPLICATIONS.
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