XN000022-1988-06-29 — Page 15

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13

WEDNESDAY, JUNE 29, 1988

MRS TAM SAID THE LONG SERVICE PAYMENT SCHEME, WHICH TOOK EFFECT ON JANUARY 1, 1986, WAS A BIG STEP FORWARD IN THE OF WORKERS. HOWEVER, THE SCHEME WAS NOT WITHOUT FLAWS SHORTCOMINGS HAD BEEN THE SUBJECT OF WIDESPREAD CONCERN.

KEPT

PROTECTION AND ITS

HAS

ITS

BILL

TO

ILL

"IT IS MOST WELCOME AND COMMENDABLE THAT THE GOVERNMENT ITS PROMISE AND REVIEWED THE SCHEME ONE YEAR AFTER INTRODUCTION, AND THAT AMENDMENTS HAVE BEEN PROPOSED IN THIS EXTEND PROTECTION TO EMPLOYEES WHO RESIGN ON THE GROUNDS OF HEALTH AND OLD AGE.

"HOWEVER, IT IS MOST SERVICE PAYMENT SCHEME HAS PROTECTION OF YOUNG EMPLOYEES,

||

DISAPPOINTING THAT THE REVISED NOT MADE ANY IMPROVEMENTS ON

MRS TAM SAID.

LONG

THE

LONG

OF

TO

SHE SAID THAT SHE HAD POINTED OUT IN 1985 THAT SINCE SERVICE PAYMENT WAS TO BE CALCULATED ON THE BASIS OF THE LENGTH SERVICE, YOUNG WORKERS UNDER THE AGE OF 40 SHOULD NOT BE SUBJECTED INEQUITABLE PROVISIONS WHICH LIMITED THEM TO 50 PER CENT ΤΟ 75 PER CENT OF FULL PAYMENT, EVEN THOUGH THEY HAD COMPLETED 10 YEARS OF QUALIFYING SERVICE.

"WHILE IT IS TRUE THAT IT WOULD NOT BE EASY FOR ELDERLY WORKERS TO FIND A NEW JOB AFTER LEAVING THEIR ORIGINAL EMPLOYMENT THEY ARE PERFECTLY JUSTIFIED TO

AND BE SECURED UNDER THE SCHEME, WE SHOULD BEAR IN MIND THAT THE YOUNGER WORKERS WHO HAVE DEVOTED THEIR PRIME YEARS TO THE SERVICE OF THEIR EMPLOYERS ARE EQUALLY JUSTIFIED TO BE PROTECTED UNDER THE SCHEME AND ΤΟ ENJOY SIMILAR BENEFITS A9 THEIR SENIOR COUNTERPARTS," SHE SAID.

о

IMPROVEMENT OF PENSIONS LEGISLATION INTENDED

A BILL

PENSIONS

GOVERNING

THE INTO THE

AIMING AT IMPROVING THE LEGISLATION SERVICE

OF CIVIL SERVANTS WAS INTRODUCED LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

MOVING THE

PENSION BENEFITS

SECOND READING OF THE (MISCELLANEOUS AMENDMENTS) BILL 1988, THE CHIEF SECRETARY, FORD, SAID THE AMENDMENTS PROPOSED WERE LARGELY NOT IN ANY WAY AFFECT OR FRODE CIVIL SERVANTS' BENEFITS.

SIR DAVID AND WOULD EXISTING PENSION

TECHNICAL

THE

THE REMOVAL OF BENEFITS FOR

HE SAID TWO OF THE AMENDMENTS COVERED THE EARLY PAYMENT OF COMMUTED PENSION GRATUITY OF A DEFERRED PENSION AND THE LIMIT

FROM AN OFFICER'S PENSION RECOVERY OF DEBTS WHERE HE CONSENTED.

ON DEDUCTIONS

/AT PRESENT,