The new Legislative Council held its first general meeting. Chief Executive Carrie Lam attended the speech and answered questions from members.
Tang Jiabiao, a trade union federation who returned to Parliament after a five-year absence, asked whether Carrie Lam was confident that the MPF hedging would be abolished during the term of the current government.
Lam Cheng responded that the hedging plan has been cancelled by the Executive Council, and the draft will first be submitted to the Legislative Council for deliberation.
Refers to the customs clearance regulations as iconic
Lam Cheng Yuet-ngor said that the Secretary for Labour and Welfare will introduce the draft to the committee after the relevant committees of the Legislative Council are established. She hopes that members of the Legislative Council will work together with the government to complete the passage of the ordinance by June 30 this year, and the government will invest more than 10 billion yuan. To cooperate with the work of unhedging in the future.
Lam Cheng described the abolition of the MPF hedging ordinance as a landmark. Her concern about this began when she was the Chief Secretary for Administration, when the Commission on Poverty Alleviation was in charge, emphasizing that MPF is the backbone of Hong Kong's retirement protection system and cannot be weakened. The government has spent a lot of time finding a solution.
However, she pointed out that even after the relevant hedging ordinance is passed, another ordinance needs to be enacted to support the work, including setting up an account to accumulate sufficient capacity to cope with hedging, and waiting for the cooperation of the MPFA's electronic platform, and the cancellation of hedging will be implemented around 2025. .
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