'Compromise Offer' Over Elderly Welfare Plan

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

Related News Programmes

"); });

2019-01-17 HKT 22:20

Share this story

facebook

  • Hong Kong's ageing population is posing serious problems for planners and administrators. File photo: RTHK

    Hong Kong's ageing population is posing serious problems for planners and administrators. File photo: RTHK

Sources have told RTHK that the government has floated a compromise proposal amid strong opposition to its plan to raise the minimum age for elderly welfare payments - but critics say it's not what is needed.

The move came later on Thursday, after lawmakers from all sides united in urging the administration to withdraw its plan to raise the age requirement from 60 to 65.

It’s understood officials are now proposing an additional allowance of about $1,000 for 60- to 64-year-olds, if they have proof from social workers that they cannot find work. The sources said the additional allowance could make up for the shortfall in comprehensive social security assistance (CSSA) payments.

The compromise was offered after legislators voted overwhelmingly to pass a non-binding motion to shelve original plan. The motion, moved by social welfare sector legislator Shiu Ka-chun, was passed by 51 votes for, two against and four abstentions. The motion also called for the government to review the entire CSSA scheme.

Lawmakers from the pro-establishment camp are said to have reacted favourably to the government compromise after meeting the Chief Executive, Carrie Lam.

But pan-democrats said it's not a workable or fair solution. They said that creating another means-tested allowance would make the welfare system even more complicated, and failed to deal with the root problem. They were also angered that Lam only invited pro-government legislators to the meeting.

RECENT NEWS

How Core Modernisation Is Paving The Way For Invisible Banking

In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s deman... Read more

ZA Bank Financial Performance Shows Strong Growth, Reduced Losses Last Year

ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for the past yea... Read more

Elon Musk Impersonated In Suspected Quantum AI Crypto Fraud

The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity know... Read more

Why Hong Kong Is Primed For A Crypto ETF Breakthrough

In the dynamic landscape of global finance, Hong Kong has emerged as a frontrunner in innovative exchange-traded funds ... Read more

MixCare Health And Pacific Prime Collaborate On Digital Health Platform

MixCare Health, a Hong Kong-based digital health and wellness platform, has partnered with Pacific Prime, an internatio... Read more

Mox Bank Revenue Triples In 2023 Driven By New Services And Customer Growth

Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer base, deposits, and l... Read more