Civil Service Retirement Changes Likely This Year

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1382614_1_20180226181522.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1382614-20180226.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1382614-20180226.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-02-26 HKT 13:50

Share this story

facebook

  • Joshua Law says the government could extend the retirement age for more civil servants by the end of this year. Photo: RTHK

    Joshua Law says the government could extend the retirement age for more civil servants by the end of this year. Photo: RTHK

The Secretary for Civil Service Joshua Law said on Monday that unions have welcomed a plan to allow more than 50,000 government workers to put off their retirement for five years, and said the rule changes could come into force by the end of 2018.

Staff are currently being consulted on the proposal, which affects those who joined the Civil Service between June 2000 and the end of May 2015.

Workers on civilian grades could choose to stay on until they are 65, while the limit would be 60 for those in the disciplined services. Staff who have joined government departments since June 2015 are already expected to work until they reach these ages.

Law told legislators on Legco's Panel on Public Service that he doesn't think the proposed changes would affect the promotion prospects of other staff.

"We expect these civil servants to retire in 15 to 20 years' time, so there will be a relative long time for bureaus and departments to plan, in a systematic manner, matters such as promotion and succession," Law said.

The Civil Service secretary said government staff who choose to work longer will be entitled to the same benefits they currently enjoy. But they would switch to a less attractive provident fund scheme – the one that applies to those recruited since June 2015.

Staff will be given a year to decide whether they would like to extend their retirement and once the decision is made, it cannot be changed.

Democratic Party lawmaker Lam Cheuk-ting welcomed the plan, saying it could help tackle an ageing workforce. He pointed out that many people are physically fit to work beyond 60.

The government is collecting views from civil servants on the suggested changes until April 13.

RECENT NEWS

Airwallex Yield Service Goes Live In Hong Kong

Airwallex has officially launched Airwallex Yield in Hong Kong on 18 June 2025, which it advertises to offer businesses... Read more

Alipay And Rokid Launch AR Glasses Payment Function For In-Store Payments In China

Rokid has launched its latest augmented reality device, Rokid Glasses. In China, the Rokid AR payment glasses support i... Read more

InvestHKs Gulf Cooperation Council Fintech Visit Spurs Strategic Partnerships

Invest Hong Kong (InvestHK) reinforced its role as a global business hub through a strategic visit to the Gulf Cooperat... Read more

Can Crypto Firms Catch Up On Compliance Gaps As Regulations Evolve?

As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Tra... Read more

OneDegree Eyes Global Growth With Middle East, Europe And Africa Next

Hong Kong virtual insurer OneDegree has made significant progress in the Middle East, securing 20 contracts since enter... Read more

IFAST Introduces Bondsupermart Live With Stock-like Trading Experience For Bond Investors

To address structural inefficiencies in bond markets, iFAST introduced Bondsupermart Live, a digital bond trading servi... Read more