Govt No Closer To Ending MPF Clause: Felix Chung

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2018-03-28 HKT 12:34

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  The Liberal Party leader says the government's plan is opposed by some members of the Executive Council. File photo: RTHK

Felix Chung talks to RTHK's Ian Pooler

Liberal Party leader Felix Chung said on Wednesday that the government is nowhere near in a position to be able to scrap the MPF offsetting mechanism, despite Chief Executive Carrie Lam saying "it is time to get it done".

Sources have said the government is planning a subsidy fund of HK$17.5 billion over 12 years for when the controversial clause, that allows firms to dip into employees' MPF contributions to make long-service and severance payments, is dropped.

But the administration has not made any official statement about this.

"I believe why the proposals are not confirmed is because some of the Exco members from the business sector refused that and didn't accept it. So without agreement within the Exco, it is not confirmed," Chung said. "Otherwise I think it is the real proposal from the government."

He also told RTHK's Ian Pooler that the business sector is yet to be consulted about the plan.