TNAG-2097-FCO40-2986-HM-Overseas-Civil-Service-(HMOCS)-general-correspondence-1990 — Page 80

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TO IMMEDIATE HONG KONG

TELNO 1735

OF 19153OZ SEPTEMBER 90

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HKB 431 / A

81

032055

MDHOAN 7306

TOP COPY Q DIST?

FOR CSB

PENSION PROVISIONS IN HONG KONG

1.

WE HAVE HAD A WIDE RANGING LETTER FROM THE NATIONAL AND LOCAL GOVERNMENT OFFICERS' ASSOCIATION (NALGO) STATING THAT QUOTE THERE IS CURRENTLY NO GENERAL PENSION PROVISION IN HONG KONG, OTHER THAN FOR THE CIVIL SERVICE AND LARGE CORPORATIONS, AND SURVEYS HAVE SHOWN THAT BOTH EMPLOYERS AND EMPLOYEES ARE LARGELY IN FAVOUR OF SUCH A FUND UNQUOTE. THE LETTER URGES THE INTRODUCTION OF A CENTRAL PROVIDENT FUND MODELLED ON THAT IN SINGAPORE.

2.

GRATEFUL FOR ADVICE ON HOW TO REPLY DESKBY 21093OZ. FOLLOWS BY FAX TO CSB.

HURD

LETTER

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ΜΑΙΝ

MINIMAL

NNNN

15

DISTRIBUTION

15

HKD

1

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