the failure of universal pensions in Hong Kong

The outgoing Chief Executive of Hong Kong failed to keep a promise to push for universal pensions. Hong Kong is a wealthy territory. Taxes are very low, and government spending is even lower, leaving large fiscal surpluses. There is no economic reason to deny Hong Kong’s elderly citizens access to a basic pension. There is a universal pension in effect, but the amount is so small that it is known as “fruit money”. What is needed is a pension large enough to satisfy basic needs.

[Chief executive] Leung Chun-ying’s question-and- answer session for his swan song policy address was cut short after pan- democrats protested the ejection of lawmaker Lau Siu-lai for playing a recording of the outgoing chief executive’s “broken promises.” ….

Leung was answering questions about the policy address he delivered on Wednesday. When it was Lau’s turn, she played a 2011 video clip on her phone in which Leung “promised” to push for universal retirement protection.

In the press conference that followed his address on Wednesday, Leung denied having shown any support for universal pension when he ran for chief executive.

But in the clip Leung can be heard telling a senior citizen, Lo Siu-lan, that “we don’t need to be vigorous in implementing universal pension, we just need to be serious.”

When Lau told Leung he failed to fulfill his election promise, Legco president Andrew Leung Kwan-yuen ordered her to leave the chamber.

Chaos broke out as 10 pan-democratic lawmakers surrounded security guards who tried to escort Lau out of the chamber.

Andrew Leung suspended the meeting and in the melee that followed several people fell to the floor, some on top of Lau and independent lawmaker Claudia Mo Man-ching.

After more than 20 minutes, Andrew Leung asked the pan- democratic lawmakers to return to their seats. And when they refused he adjourned the meeting at about 11.45am.

Phoenix Un, “Leung session ends in bedlam“, The Standard (Hong Kong), 20 January 2017.

See also this earlier post.

 

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