'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

Plantos Agentic AI CFO Takes Aim At The SME Lending Gap

Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more

Hong Kong And Indonesia Explore QR Payment Interoperability

Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more

Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?

Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more

SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan

Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more

Tencent Launches TenPayGo Payment App For Travellers In China

Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more

Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC

Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more