10
MONDAY, APRIL 26, 1993
IN ADDITION, THE COMMISSION REVIEWED AND TENDERED ADVICE ON THE FUTURE OF THE LIAISON OFFICER GRADE AND THE PROPOSED CREATION OF A NEW RANK OF PRINCIPAL LIAISON OFFICER.
OTHER
SUBJECTS EXAMINED
BY THE COMMISSION
ACCOMMODATION ALLOWANCE, EDUCATION ALLOWANCE AND SCHOOL SCHEMES, AND LEAVE ARRANGEMENTS.
INCLUDED PASSAGE
IT ALSO LOOKED INTO THE USE OF JOB EVALUATION IN THE CIVIL SERVICE AND DETERMINED THE METHODOLOGY OF A SURVEY ON PAY AND CONDITIONS OF SERVICE OF PRIVATE SECTOR JOBS SIMILAR TO THOSE UNDER MODEL SCALE 1 IN THE CIVIL SERVICE.
THE SURVEY IS BEING CARRIED OUT ON THE ADMINISTRATION'S REQUEST AND WILL BE COMPLETED IN SEPTEMBER.
DURING THE YEAR, MEMBERS OF THE COMMISSION HAD INFORMAL DISCUSSIONS WITH MAJOR STAFF ASSOCIATIONS TO STAY IN TOUCH WITH ISSUES OF CONCERN TO THE CIVIL SERVICE.
THE REPORT ALSO CONTAINS A BRIEF ACCOUNT OF THE 1991/92 PAY TREND SURVEY, THE COMMISSION'S RECOMMENDATIONS ON THE METHODOLOGY FOR THE 1992/93 SURVEY, AND THE WORK OF THE PAY TREND SURVEY COMMITTEE DURING 1992.
THE PROGRESS REPORT IS NOW ON SALE AT $36 GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE FLOOR, CONNAUGHT PLACE, CENTRAL.
A COPY AT THE BUILDING, GROUND
FRESH OPPORTUNITIES FOR FUND MANAGERS
*
GIVEN A RESPONSIBLE AND HEALTHY FUND MANAGEMENT ENVIRONMENT. RETIREMENT SCHEMES TO BE OPERATED UNDER THE OCCUPATIONÁL RETIREMENT SCHEMES ORDINANCE WILL, WORK TO THE MUTUAL BENEFIT OF SCHEME MEMBERS AND FUND MANAGERS ALIKE. THE SECRETARY FOR FINANCIAL SERVICES, MR MICHAEL CARTLAND, SAID TODAY (MONDAY).
IN ESSENCE, THE ORDINANCE, WHICH WILL COME INTO OPERATION LATER THIS YEAR, SEEKS TO PROVIDE A GREATER DEGREE OF CERTAINTY THAT RETIREMENT BENEFITS PROMISED BY EMPLOYERS WILL BE PAID TO EMPLOYEES WHEN THEY FALL DUE.
SPEAKING AT A LUNCHEON MEETING OF THE HONG KONG INVESTMENT FUNDS ASSOCIATION, MR CARTLAND SAID UNDERLYING THE ORDINANCE WERE FOUR GUIDING PRINCIPLES: ASSET SEPARATION, SUFFICIENT FUNDING, INDEPENDENT AUDIT OF SCHEME ACCOUNTS AND INFORMATION DISCLOSURE.
"FOR FUND MANAGERS THE
IMPLICATIONS," HE NOTED.
ORDINANCE THUS HAS A NUMBER OF
¡"FIRSTLY,
IN