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How Did the HK$5 Billion Community Care Fund Pass?

2011-05-14
Marcus Tang

How did LegCo approve the Community Care Fund in May 2011?

On 13 May 2011, LegCo’s Finance Committee approved HK$5 billion for the Community Care Fund by 27 votes to 6, with 12 abstentions; it could start operating in July. Democrats, Civic Party and Liberals abstained; Home Affairs chief Tsang Tak-sing promised half-yearly progress reports to LegCo.

Why did some lawmakers object?

Democrats wanted the funding split into three tranches; Regina Ip suggested scrapping it and returning HK$600 million raised; Wong Yuk-man demanded a fundraising timetable.

How does this relate to MPF?

Both are social safety-net issues; workers must still fund their own retirement — start at MPF fund comparison.

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