TNAG-2214-FCO40-3181-Political-parties-United-Democrats-of-Hong-Kong-(UDHK)-1991 — Page 24

or decision

on 2 July 1991

CONFIDENTIAL

XCC (91) 95 Copy No...

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EXECUTIVE COUNCIL MEMORANDUM

LEGISLATIVE COUNCIL DEBATE ON

CENTRAL PROVIDENT FUND

ON 10 JULY 1991

Annex

THE PROBLEM

Mr Tam Yiu-chung has given notice to move a Motion, at the Legislative Council sitting on 10 July 1991, urging the Government "to take immediate steps to re-examine the setting up of a Central Provident Fund or other forms of compulsory retirement schemes in order that workers in Hong Kong are provided with comprehensive retirement protection." We need to decide on the line to be taken by the Government in the Debate on this Motion.

RECOMMENDATION AND ADVICE SOUGHT

2

be

It is

recommended

that

the Government line should

3

(a)

(b)

decision on the

that the Government's Central Provident Fund issue, as announced by the Governor in his Address to the Legislative Council on

October 1987, should remain unchanged; but

that should

7

an inter-departmental working party be established to conduct a comprehensive review of the problems facing a view to making

the

aged

with

recommendations on the way forward.

Members will be asked to advise whether this recommendation should be approved.

BACKGROUND AND ARGUMENT

Background

4

The Government's decision on Central Provident Fund issue, endorsed by this Council on 22 September 1987 [1], is as follows

[1]

Memorandum XCC(87) 133.

CONFIDENTIAL