TNAG-1065-FCO40-1315-Development-of-Hong-Kong-social-services-1981 — Page 35

6.

sick for more than four months; (2) the scheme to include medical

expenses allowance. (page 38)

(b) Life insurance

The two

51.1% considered that no modifications were necessary.

relatively more common suggestions made by the remaining 48.9% were:

(1) to increase the sum assured; (2) the benefits accrued should

increase proportionally with the period of contribution. (page 39)

(c) Retirement benefits

45.8% considered that no modifications were necessary. The

two relatively more common suggestions made by the remaining 54.2%

were: (1) to increase the sum payable on retirement; (2) the retirement

benefits should increase proportionally with the period of participation.

(page 40)

(d) Housing loan facilities

48.4% considered that no modifications were necessary. The two

relatively more common suggestions made by the remaining 51.6% were:

(1) to increase the maximum amount of loan; (2) the rate of interest

should be low. (pages 40 - 41)

1

Possible extent of participation indicated

Only 12.4% were providing an equivalent scheme of some description,

i.e. an overwhelming majority (87.6%) did not so provide.

As regards those employers who were not providing an equivalent scheme,

a further breakdown indicating their degree of interest to participate in the

proposed shceme is as follows:-

44.1% expressed interest in joining;

Another 44.1% could not give a definite answer;

Another 8.9% said that they would reek to provide equivalent schemes

through arrangements with insurance companies.

The two most commonly expressed reasons for joining the proposed scheme

were (1) it would provide mbre benefits to employees, (2) it was

considered to be a more secure scheme. (pages 41 - 43)