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  • 2 Post By hullexile
  • 1 Post By shri
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Life after work: Hong Kong employees’ retirement savings fall short by about HK$2 million

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  1. #1

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    Life after work: Hong Kong employees’ retirement savings fall short by about HK$2 million

    Life after work: Hong Kong employees’ retirement savings fall short by about HK$2 million | South China Morning Post

  2. #2

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    So the investment funds association suggests what, that people should buy more investment funds?


  3. #3

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    I am sure that is a global issue

    shri and markranson like this.

  4. #4

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    raising the employer and employee contributions to the mpf would be a start. in addition they could spend a fraction of the cash pile on which the government is sitting on the OAPs instead of bridges to nowhere and useless railway connections


  5. #5

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    raising the employer and employee contributions to the mpf would be a start.
    Without any reform on the fees and charges that the fund managers take from the contributions?
    Drunken Master likes this.

  6. #6

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    Quote Originally Posted by shri:
    Without any reform on the fees and charges that the fund managers take from the contributions?
    Not to mention the scandalous offsetting.
    misshappy26 likes this.

  7. #7

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    Perhaps they can increase the taxes to help make up for some of this shortfall.

    There are a number of other profit making government schemes would could be used as well just by setting aside a % for pensions, or at least the poor.

    Maybe 20 or 25% of the land sales to developers can be added to the pot?