TNAG-1724-FCO40-2437-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 256

2-

The

first

recommendation was not accepted by the

Government because of the effect that it would have

l.c. had on the Provident Funds.

at that time

The total resources of

l.c. the Funds would not have permitted all contributors

to receive worthwhile loans and the loans would have

reduced the capital gains and recurrent earnings of

also

l.c. the two funds. The second recommendation was not

implemented because there was no apparent demand for

it from teachers.

2.

Sir, the Government has never accepted that

fringe benefits in the aided sector should be

The great

identical with those for civil servants.

majority of teachers are in the aided sector and it

does not seem sensible that their benefits should be

governed by those of the small minority who are civil

To do So would be inflexible and

servants.

expensive. At present there is по

teachers and

our

existing

shortage

system is flexible and

of

gives the taxpayer good value for

value for money. If there

were a shortage, the Government would, of course,

have to consider further improving benefits.

n

بھر

There has however been a major improvement

.c. in the benefits enjoyed by Certificated Masters and c. Mistresses since 1976, when the special commission l.c. reported. The rules of the two statutory Provident

l.c. Funds

for

aided sector teachers were changed in

1980. As a result, they will in future receive much

better retirement benefits.