WEDNESDAY, JULY 1, 1992
33
CIVIL SERVICE UNIONS BRIEFED ON PENSION SCHEMES
THE CIVIL SERVICE BRANCH (CSB) TODAY (WEDNESDAY) HELD INFORMAL MEETING WITH REPRESENTATIVES OF THE MAIN STAFF COUNCILS DISCUSS VARIOUS ADDITIONAL MEASURES THAT HAVE BEEN SUGGESTED FURTHER STRENGTHEN SAFEGUARDS FOR CIVIL SERVICE PENSIONS.
AND
THE MEETING WAS HELD AT THE REQUEST OF THE STAFF SIDES.
382
AN
ΤΟ
TO
THE CSB OFFICIALS BRIEFED STAFF REPRESENTATIVES ON ITS VIEWS LIKELY DIFFICULTIES ON VARIOUS PENSION SAFEGUARD PROPOSALS WHICH HAVE BEEN SUGGESTED IN THE PAST.
THEY ALSO SAID THE ADMINISTRATION WAS PURSUING A PROPOSAL TO LINK ANNUAL PENSION INCREASES STATUTORILY TO MOVEMENTS IN THE CONSUMER PRICE INDEX.
THE NECESSARY LEGISLATIVE AMENDMENT IS BEING FINALISED AND WILL BE INTRODUCED INTO THE LEGISLATIVE COUNCIL LATER THIS YEAR.
DURING THE MEETING, THE STAFF REPRESENTATIVES EXPRESSED THEIR VIEWS ON THESE SUBJECTS.
THE BRANCH REPRESENTATIVES SAID THESE WOULD BE TAKEN INTO CAREFUL CONSIDERATION AND OFFERED TO MEET STAFF COUNCILS INDIVIDUALLY TO DISCUSS THE SUBJECT IN MORE DEPTH.
MONETARY STATISTICS FOR MAY
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS RECORDED A STRONG GROWTH IN MAY, ACCORDING ΤΟ STATISTICS (WEDNESDAY) BY THE MONETARY AFFAIRS BRANCH.
PUBLISHED
CONSISTENT WITH THE RISE IN HONG KONG DOLLAR DEPOSITS, KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS ROSE DURING THE MONTH.
HONG KONG DOLLAR LOANS AND ADVANCES ALSO INCREASED IN MAY.
DEPOSITS
TODAY
HONG
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS,
ADJUSTED ΤΟ INCLUDE SWAP DEPOSITS, GREW BY 3.7% IN MAY INCREASES OF 1.2% AND 1.9% IN MARCH AND APRIL RESPECTIVELY.
FOLLOWING
AND 7.8%
AMONG THESE DEPOSITS, DEMAND AND SAVINGS DEPOSITS GREW BY
RESPECTIVELY DURING MAY WHILE TIME DEPOSITS DECREASED
0.5%.
/YEAR-ON-YEAR, TOTAL
9.6%
BY