Date
23 July 2017
Chief Executive Carrie Lam is not sold to her predecessor's retirement offsetting plan which has upset both the workers and the business sector. Photo: HKEJ
Chief Executive Carrie Lam is not sold to her predecessor's retirement offsetting plan which has upset both the workers and the business sector. Photo: HKEJ

Carrie Lam to reject CY plan on MPF offsetting mechanism

Chief Executive Carrie Lam Cheng Yuet-ngor said she will solicit more views on the use of workers’ pension funds for severance and long-service payments, as the proposal put forward by her predecessor Leung Chun-ying to scrap the mechanism has pleased neither the employees nor the employers, the Hong Kong Economic Journal reports.

Lam said she has asked Secretary for Labour and Welfare Law Chi-kwong to look into the matter.

Labour Advisory Board member Irons Sze Wing-wai, who also represents the Chinese Manufacturers’ Association of Hong Kong, insisted that discussions should take place within the Labour Advisory Board as is the tradition.

Bill Tang Ka-piu, representing the Hong Kong Federation of Trade Unions, said the offsetting mechanism should be abolished, and the government should instead explore ways to provide subsidies to employers to alleviate their burden.

Mung Siu-tat, chief executive of the Hong Kong Confederation of Trade Unions, voiced fears that efforts to arrive at a consensus on the issue would be never-ending, adding that the government should table specific proposals for discussion among the various parties.

Carrie Lam was seen making visits to Ta Ku Ling, Hung Hom and Central on Sunday, a day after she sworn in as Hong Kong chief executive by President Xi Jinping.

When Lam was in Central, a group led by Civic Party’s Tanya Chan handed her a letter urging the government to preserve an old site in Sheung Wan that is up for redevelopment, hk01.com reported.

Lam told state broadcaster CCTV in an interview that she is determined to meet citizens with different opinions and will try to strike a balance to foster a more collaborative atmosphere.

She admitted that she has had fewer opportunities to speak to young people in her previous roles as a senior government official.

However, she had been able to speak to younger members of the election committee during the campaign, and this has helped her understand more about the generation, adding that she will try her best to address the frustrations of young people.

– Contact us at english@hkej.com

EL/BN/CG

Leung Chun-ying announced last month a plan to scrap a mechanism allowing employers to use workers’ MPF contributions for severance and long-service payments. Photo: HKEJ


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