XN000022-1994-03-12 — Page 3

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SATURDAY, MARCH 12, 1994

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ARRANGEMENTS WHERE A CONTRIBUTOR DIES BEFORE COLLECTING PENSION, AND WHERE A PENSIONER DIES LEAVING DEPENDANTS; WHETHER POTENTIAL BENEFICIARIES WHO ARE NON-CONTRIBUTORS THE OPS SHOULD HAVE TO COMPLETE AN INCOME DECLARATION MEANS TEST BEFORE QUALIFYING FOR PENSION BENEFITS;

HIS

то

OR

HOW THE SCHEME WOULD REPLACE THE EXISTING BENEFITS UNDER THE RELATE OLD AGE ALLOWANCE AND HIGHER OLD AGE ALLOWANCE, AND TO BENEFITS PROVIDED UNDER THE COMPREHENSIVE SOCIAL SECURITY ASSISTANCE SCHEME AND THE DISABILITY ALLOWANCE;

OF INCOME THE NECESSARY CONTRIBUTION LEVEL, AND THE TYPE

PURPOSE OF CALCULATING THAT SHOULD BE INCLUDED FOR THE CONTRIBUTIONS TO THE SCHEME;

THE COST OF THE SCHEME TO TAXPAYERS WHERE THE GOVERNMENT REQUIRED TO CONTRIBUTE;

IS

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THE IMPLICATIONS OF SETTING A MINIMUM INCOME LEVEL FOR PURPOSE OF CONTRIBUTING TO THE OPS, AND OF SETTING A CEILING

AND ON THE AMOUNT THAT NEEDS TO BE CONTRIBUTED;

THE

THE IMPLICATIONS ON PARTICIPANTS IN VOLUNTARY AND

STATUTORY

RETIREMENT SCHEMES;

SUMMER, THE

"THE CONSULTANTS ARE EXPECTED TO SUBMIT THEIR REPORT IN MAY AND MAIN POINTS IN THE REPORT WILL BE PUBLISHED IN THE SPOKESMAN SAID.

THE

"THIS WILL GIVE MEMBERS OF THE PUBLIC AN OPPORTUNITY TO COMMENT

HE ADDED. ON THE DETAILS OF THE PROPOSED OLD AGE PENSION SCHEME,

OVER 20

KONG

THE WYATT COMPANY (HK) LTD HAS BEEN ESTABLISHED FOR YEARS AND IS THE LARGEST ACTUARIAL CONSULTANCY FIRM BOTH IN HONG AND IN ASIA.

HONG

KONG

WITH

THE SENIOR CONSULTANTS IN WYATT HAVE ALL WORKED IN FOR A CONSIDERABLE PERIOD OF TIME AND ARE THUS FULLY CONVERSANT THE HISTORY OF THE LOCAL RETIREMENT BENEFIT AND PENSION DEBATE.

IN WORKING WITH THE FIRM HAS ALSO CONSIDERABLE EXPERIENCE OVERSEAS GOVERNMENTS ON RETIREMENT BENEFIT ISSUES, AND IS ABLE TO GAIN ACCESS TO A WIDE NETWORK OF OFFICES IN MAJOR CITIES IN THE WORLD.

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