跳至主內容 Skip to main content

HK$6,000 injection sparks fury: pan-democrats seek cross-party pressure on government

2011-02-25
Marcus Tang

The budget’s HK$6,000 MPF injection — and scrapping three straight years of tax rebates — has angered the public. The Democratic Party petitioned Chief Secretary Henry Tang, calling the injection “plundering the people’s wealth” and demanding an immediate budget fix; Tang gave no direct answer, saying only he’d pass the views to the Financial Secretary.

What’s the pan-democrats’ plan?

Cross-party talks, united front. The Democratic Party, Civic Party and Association for Democracy and People’s Livelihood have formed a LegCo alliance, seeking talks with the DAB, Liberal Party and others to jointly pressure the government: scrap the MPF injection, restore tax rebates. Pan-democrat lawmakers argue MPF money is locked until 65 — no help for grassroots families struggling under high inflation — and the government should relieve hardship directly.

With the government standing firm, the budget debate is set for a tug-of-war. To follow the wider retirement-protection debate, visit MPF fund comparison.

    Related articles

    Should the Government Inject Into MPF or Pay Contributions Instead?

    Why did a 2011 commentary propose “paying contributions” over...

    Lam calls MPF “unpopular with employees” as offsetting debate looms: can the core fund rebuild trust?

    A report from November 2017 captured the speeches at the Global Forum on...

    Hong Kong to raise tax break for annuities and voluntary MPF top-ups to HK$60,000

    The Hong Kong government is considering raising the tax-deductible limit for...

    funds to compare