XN000022-1988-10-12 — Page 53

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WEDNESDAY, OCTOBER 12, 1988

"THIS IS AN IMPORTANT STEP FORWARD IN HELPING THOSE WHO CANNOT HELP THEMSELVES."

TURNING TO PRIVATE RETIREMENT SCHEMES, SIR DAVID SAID SUCH SCHEMES AND PROVIDENT FUNDS MADE A USEFUL CONTRIBUTION TOWARDS MEETING THE FINANCIAL NEEDS OF THE ELDERLY.

AT PRESENT THESE SCHEMES OPERATED WITHOUT OFFICIAL SUPERVISION OR REGULATION, AND THE GOVERNMENT HAD, IN JUNE,

PUBLISHED A CONSULTATIVE DOCUMENT PROPOSING THE INTRODUCTION OF A REGULATORY FRAMEWORK.

THE AIM WAS TO ENSURE THAT ASSETS HELD UNDER THESE SCHEMES FOR THE FUTURE BENEFIT OF EMPLOYEES WERE GIVEN PROPER PROTECTION.

"THERE HAS BEEN GENERAL SUPPORT FOR THE PROPOSED SCHEME,

ARE DIVERGENT ALTHOUGH THERE

VIEWS ON SOME ISSUES SUCH AS THE QUALIFICATIONS OF TRUSTEES AND THE NEED FOR INVESTMENT GUIDELINES, HE SAID.

門

"DETAILS OF THE SCHEME ARE NOW BEING FINALISED AND LEGISLATIVE DURING PROPOSALS ARE BEING DRAFTED FOR INTRODUCTION INTO THIS COUNCIL THE CURRENT SESSION.

LEGISLATION "I HOPE THAT THE ENACTMENT OF THE THE ESTABLISHMENT OF MORE PRIVATE RETIREMENT SCHEMES BETTER PROTECTION TO OUR WORKFORCE.

WILL ENCOURAGE SO AS ΤΟ GIVE

LABOUR ON THE SUBJECT OF

LEGISLATION, SIR DAVID SAID SUCH LEGISLATION WOULD CONTINUE TO BE IMPROVED.

THE AIM OF ACHIEVING GOOD PROGRESS HAD BEEN MADE TOWARDS LEVEL OF STATUTORY BENEFITS AND CONTROLS GOVERNING SAFETY, HEALTH CONDITIONS OF EMPLOYMENT BROADLY COMPARABLE TO THE BEST PREVAILING THE REGION.

HAD

SAFETY

A

AND

IN

IN THE PAST YEAR THE OCCUPATIONAL

AND HEALTH COUNCIL BEEN ESTABLISHED ΤΟ PROMOTE A SAFER AND HEALTHIER WORKING WAS EXTENDED TO COVER ENVIRONMENT; THE LONG SERVICE PAYMENT SCHEME

HEALTH; AND NEW CONTROLS RESIGNATIONS ON GROUNDS OF OLD AGE OR ILL WERE INTRODUCED OVER THE USE OF DANGEROUS SUBSTANCES IN FACTORIES.

PROPOSE LEGISLATION TO "IN THIS SESSION, THE GOVERNMENT WILL

GENERAL PROTECT EMPLOYEES' COMPENSATION IN DEFAULT CASES; TO IMPOSE A RESPONSIBILITY ON EMPLOYERS AND EMPLOYEES FOR THE WORK PLACE; AND

TO

INTRODUCE CUSTODIAL

SAFETY AND HEALTH IN SENTENCES FOR SERIOUS

LAPSES IN INDUSTRIAL HEALTH AND SAFETY STANDARDS," HE SAID.

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