Merger of Changshengjin ︱The society is worried about the economic deterioration, and the welfare is reduced.

The Social Welfare Department announced yesterday (20th) that it will implement the measure of combining the normal OALA and the higher OALA on September 1st this year.

Wu Weidong, director of the Association of Community Organizations, supports this approach, but is concerned that the government will bear all the subsidies, and is worried that the government will cut benefits for the elderly when the economy is in recession.

He suggested that the authorities should promote universal pensions, with contributions from employers, employees and the government, and consider introducing more taxes, such as wealth tax.

Ouyang Dachu, assistant professor of the Department of Sociology and Social Policy at Lingnan University, believes that the next government's priority should be to restart the pension consultation and collect public opinions on annuities, MPF, allowances, and tripartite contribution pension insurance. He emphasized that although there are certain difficulties: "However, the new government has the confidence to deal with people's livelihood issues. It might as well deal with problems that the government has not dared or could not handle for many years."

▼See the details of the merger of Changshengjin▼

Details of the Changshengjin merger.

(Screenshot of the Information Services Department)

Wu Weidong described the implementation of the "virtuous government" in September, but it was too late to increase the asset limit

Wu Weidong described in the Hong Kong and Taiwan program "Millennium Times" today that the merger of Changshengjin and Tianjin is a good policy, but the government proposed in the "Policy Address" last year that it would be too late to implement it until September this year: "The elders feel that it is too slow." He also pointed out that the current asset limit is still too low, and suggested that it should be raised to 500,000 for singles and 1 million for couples.

He emphasized that medical expenses for the elderly are difficult to control. For example, if the waiting time for surgery in a public hospital is too long, or a private hospital may be required, the expenditure may reach more than 100,000: "370,000 is a lot of money? Actually, it's not a lot."

As for the income limit, Wu Weidong pointed out that the government has plans to encourage the elderly to find employment, but he knows that there are couples whose income exceeds the upper limit and cannot receive the OALA.

He suggested that the authorities should increase the income ceiling for couples: "Everything you get will reduce your financial burden." When asked if the combination of the ordinary OALA and the high OALA does not take into account the elderly with greater financial needs?

Wu believes that the current plan has clear thresholds, and it is not a universal pension.

Government revenue is concentrated on land sales revenue, and it is agreed that more items can be levied in the feasibility study

He also believes that the current plan is borne by the government, and he is worried that it may increase the long-term financial burden in the long run.

He said that the previous government studied the contributions of labor, capital, and the government, but in the end it still refused to implement universal pensions. He believed that under financial considerations, universal pensions should be implemented.

He also pointed out that the current government revenue is concentrated in the proceeds of land sales, and he believes that more taxes, such as the wealthy tax, can be levied.

The OALA is currently the largest amount of social security received by the elderly, benefiting more than 640,000 elderly people.

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Ouyang Da of Lingnan University urged the new government to restart pension consultation: the government has not dared to deal with it for many years

Ouyang Dachu, assistant professor of the Department of Sociology and Social Policy at Lingnan University, said in the same program that measures can help a certain number of elderly people, but the financial sustainability of the government must be considered, and he believes that more progressive taxes should be introduced to meet social welfare expenditures .

He also pointed out that the authorities had consulted on pensions in 2016, but the discussions were narrow, and he believed that the next government's top priority was to restart the pension consultations and collect public opinions on pensions, MPF, allowances, and tripartite contribution pension insurance. , emphasizing that although there are certain difficulties: "However, the new government has the confidence to deal with people's livelihood issues. It might as well deal with problems that the government has not dared or could not handle for many years."

He also pointed out that at present, the elderly in Hong Kong rely on MPF ​​and annuity for retirement protection. The government hopes that the elderly can use MPF to buy an annuity after retirement, but believes that the current international financial market is unstable and over-reliance on the financial market may not provide stable protection.

▼On June 19th, the restaurant was full of diners▼

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Merger of Changshengjin | Li Jiachao has implemented the political platform before taking office?

Lam Cheng "preemptively" announced the merger of longevity allowance, which caused speculations | Relaxed asset limit and flat allowance 9.1 Automatic payment expected to benefit 50,000 people Oxfam advocates that longevity allowance be increased to 4,400 yuan per month The subsidy for the fruit allowance is planned to be increased by 2.6% next month, or the longevity allowance may be increased to 2,920 yuan. The Mandatory Provident Fund is converted into an annuity. Available in August