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Currently, Cathay Pacific Airways and Lufthansa each operate daily non-stop services between Hong Kong and Frankfurt. In addition, the two designated airlines together operate ten all-cargo services per week between Hong Kong and Frankfurt under a joint venture agreement.
Speaking at the ceremony, Mr Siu said the new agreement would provide a solid foundation for carriers of the two sides to continue to develop and expand their respective services.
End/Friday, May 5, 1995
Bill to preserve pension rights of lecturing staff
Lecturing and inspectorate staff of the Education Department who have transferred to the Hong Kong Institute of Education (HKIEd) will be able to preserve their civil service pension rights under a bill to be introduced into the Legislative Council.
Commenting on the Pensions (Special Provisions) (The Hong Kong Institute of Education) Bill gazetted today (Friday), a Government spokesman pointed out that as part of the transfer package approved by the Governor-in-Council in January this year, serving lecturers and inspectorate staff could choose to continue to earn pension, benefits like civil servants during their employment with the HKIEd.
"Alternatively, they can opt to have their earned civil service pension frozen in order to join the HKIEd superannuation scheme following their transfer to the institution.
"When they retire from HKIEd under the frozen pension, they will receive the civil service pension benefits accrued at the time of transfer and their entitlements under the superannuation scheme for the period of their employment under the HKIEd," the spokesman said.
Since September last year, the HKIEd has taken over the responsibility of teacher training from the Education Department and is recruiting its own staff.
The Bill also seeks to introduce a consequential amendment to the Hong Kong Institute of Education Ordinance to enable the HKIEd to make payments to the Government in respect of the pensions of the transferred officers.
The Bill will be introduced into the Legislative Council on May 17.
End/Friday, May 5, 1995
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