XN000022-1994-08-22 — Page 10

MONDAY, AUGUST 22, 1994

SEPARATELY.

ORDINANCE WILL BE

SECTION 71 OF THE

BROUGHT INTO EFFECT THIS SECTION ALLOWS A CONTRACT ENTERED INTO BY A TRADER WHO DOES NOT HOLD A VALID LICENCE UNDER THE ORDINANCE TO BE VOIDED AND RESCINDED AT THE OPTION OF ANY OTHER PARTY TO THE CONTRACT.

SINCE EXISTING TRADERS CAN REMAIN IN BUSINESS DURING THE GRACE PERIOD WITHOUT A VALID LICENCE, IT IS INAPPROPRIATE TO BRING SECTION 71 INTO EFFECT ON SEPTEMBER 1. A LATER DATE WILL THEREFORE ВЕ APPOINTED FOR THIS PURPOSE.

THE COMMENCEMENT NOTICE FOR THE ORDINANCE WILL BE GAZETTED THIS FRIDAY (AUGUST 26).

LAB REACHES CONSENSUS TO IMPROVE SEVERANCE AND LONG SERVICE PAYMENT

* *

LABOUR

CONSENSUS SERVICE

ADVISORY BOARD MEMBERS TODAY TO IMPROVE THE PROVISIONS ON SEVERANCE PAYMENT UNDER THE EMPLOYMENT ORDINANCE TO WITH BETTER LONG SERVICE BENEFITS.

(MONDAY)

REACHED PAYMENT AND LONG PROVIDE EMPLOYEES

A

FOK,

FOR

LABOUR,

IN

THE

AT ITS

IN A SPECIAL MEETING CHAIRED BY THE COMMISSIONER MRS KATHERINE

MEMBERS REVIEWED ALL THREE EMPLOYMENT

ISSUES { AMENDMENT) (NO, 2) BILL 1993 WHICH WAS DEFEATED THIRD READING AT THE MEETING OF THE LEGISLATIVE COUNCIL ON JULY 6 THIS YEAR.

THE THREE ISSUES ARE:

THE LIMIT OF 12 MONTHS' WAGES ON THE AMOUNT OF SEVERANCE AND LONG SERVICE PAYMENTS PAYABLE SHOULD BE REMOVED;

*

THE

PAYMENT CEILING OF $180,000 FOR SEVERANCE SERVICE PAYMENTS SHOULD BE RETAINED; AND

AND LONG

THE PART OF AN EMPLOYEE'S SERVICE OVER AND ABOVE ACCRUED BEFORE THE ENACTMENT OF THE AMENDMENT BILL SHOULD BE REDUCED BY 50 PER CENT FOR THE PURPOSE OF SEVERANCE AND LONG SERVICE PAYMENTS.

18

YEARS

CALCULATING

PAYMENTS,

BOARD

TO

PROVIDE IMPROVEMENT IN THE AMOUNT OF SUCH MEMBERS REACHED A CONSENSUS THAT THE CEILING OF SHOULD BE REMOVED WHILE THE MAXIMUM LIMIT OF $180,000 BE RETAINED.

12 MONTHS' WAGES

OVER BILL

OF CALCULATING

THEY ALSO ACCEPTED THAT THE PART OF AN EMPLOYEE'S SERVICE AND ABOVE 24 YEARS ACCRUED BEFORE THE ENACTMENT OF THE AMENDMENT SHOULD BE REDUCED BY 50 PER CENT FOR THE PURPOSE SEVERANCE AND LONG SERVICE PAYMENTS.

MR

DURING THE MEETING, THE DEPUTY SECRETARY MANPOWER,

LAM WOON-KWONG, DISCUSSED WITH GOVERNMENT'S PROPOSAL FOR AN OLD AGE PENSION SCHEME.

FOR EDUCATION MEMBERS ON

AND THE

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