'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

TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution

TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more

Livi Bank Achieves HKD2.9B In Customer Deposit Growth

livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more

OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation

OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more

WeLab Bank Hits Profit In 2025 With HKD750M Revenue

WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more

Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations

In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more

HKMA Forms CargoX Expert Panel To Modernise Trade Finance

On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more