XN000022-1993-12-15 — Page 49

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WEDNESDAY, DECEMBER 15, 1993

OF RETIREMENT

ABOUT 30 PER CENT OR 850,000 MEMBERS OF THE WORKING POPULATION, EXCLUDING THE CIVIL SERVICE, IS COVERED BY SOME FORM SCHEME.

AS THE

OCCUPATIONAL

RETIREMENT SCHEMES

ORDINANCE

WHICH A FULL

REGULATES ALL SCHEMES IN HONG KONG STARTED ONLY IN OCTOBER, RECORD OF SCHEMES IS NOT YET AVAILABLE.

"MORE

SCHEMES IS REGISTRATION

ON THE OPERATION OF RETIREMENT INFORMATION EXPECTED IN 1995, ON EXPIRY OF THE TWO-YEAR PERIOD, FOR OF EXISTING SCHEMES, MR TAM SAID.

ACCORDING

TO

"

PRIVATE SECTOR RESEARCH,

BILLION

RETIREMENT

BILLION,

ESTIMATED

AND $100 FUNDS IN THE MARKET ARE BETWEEN HK$80 PROJECTED TO INCREASE AT A RATE OF ABOUT HK$20 BILLION A YEAR.

THE

ICAC TO FORM NEW UNIT ON CIVIL SERVICE RECORDS

* *

*

INDEPENDENT COMMISSION AGAINST CORRUPTION (ICAC) WILL SET UP A NEW UNIT TO HANDLE RECORD CHECKS AND INTERVIEWS ΤΟ VERIFY INFORMATION PROVIDED BY CIVIL SERVANTS BEING CHECKED.

MR

THE PLAN WAS OUTLINED BY THE ACTING SECRETARY FOR SECURITY,

THE HON ERIC LI KEN WOODHOUSE, IN A WRITTEN REPLY TO A QUESTION BY KA-CHEUNG IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

MR

SAID WOODHOUSE

THE NEW UNIT WOULD RESPONSIBILITIES AS THE EXISTING SPECIAL BRANCH UNIT.

HAVE

THE

SAME

NEITHER HAVE INVESTIGATIVE NOR ENFORCEMENT POWERS AND IT NOT CARRY OUT POLITICAL INVESTIGATIONS, HE ADDED.

WILL

THE NEW UNIT IS EXPECTED TO HAVE 10 STAFF, INCLUDING

SAME AS THE EXISTING SPECIAL BRANCH UNIT.

CLERICAL

SUPPORT,

GOVERNMENT

HE SAID THE COMMISSIONER OF ICAC WOULD ENSURE PROPER FUNDING BE SOUGHT FOR THE UNIT THROUGH THE NORMAL PROCESS OF ANNUAL ESTIMATES.

"HE

ALSO WILL

CONTROLS

ON OF THE

ENSURE THAT NORMAL BUDGETARY EXPENDITURE DO NOT ALLOW FUNDS ALLOCATED TO OTHER FUNCTIONS COMMISSION TO BE USED FOR THE NEW UNIT, MR WOODHOUSE SAID.

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