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Task Force to be set up following LegCo nod on MPF
The Deputy to the Governor, Mrs Anson Chan, welcomed the decisive vote in the Legislative Council this (Wednesday) evening urging the Government to introduce as expeditiously as possible a mandatory, privately managed occupational retirement protection system (MPF) with provision for the preservation and portability of benefits.
"With this clear support, the Government will now set up a dedicated task force to work on the details of such a scheme," Mrs Chan said.
A consultant will also be engaged to advise on the technical aspects and will be required to submit an initial report before the end of April.
Speaking to media representatives after the Legislative Council had passed by a majority the Government's motion for the establishment of the MPF, Mrs Chan said that the Government would now inform the Chinese side of the result of today's motion debate and hoped to be able to discuss the proposed scheme with them as soon as possible.
"The Government will do its very best to put the primary legislation to LegCo before the end of the current session," she said.
End/Wednesday, March 8, 1995
Transcript of media session by Deputy to the Governor
Following is the transcript of the media session by the Deputy to the Governor, Mrs Anson Chan, after a motion debate on retirement protection in the Legislative Council today (Wednesday):
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