A NUMBER OF MAJOR ORGANIZATIONS in Hong Kong have plans to raise the city’s unusually low retirement age from the present 60, to 65 or even 70—and others may abandon it altogether, knowledgeable sources told this publication.
Closed-door government-linked discussions on the subject are taking place as the city undergoes a labor shortage, exacerbated by the sharp slowdown of families moving to Hong Kong from the mainland.
Up to now, about three out of four Hong Kong companies automatically part with workers at 60. Staff in many sectors (such as police whose retirement age was originally 55) have long decried being forced out of jobs when their rate of expertise and experience is at its highest. (Police officers can now work to the age of 60.)
There will likely be further upward movement in some professions. However, some workers with a low retirement age and a relatively high pension, such as some civil servants, may resist the process.
Still, many people will be happy. University academics have complained for years that they are typically given one year’s notice at the age of 59, when their ability to get academic papers published is at its highest.
Older people are helped to retrain; picture by Jimmy Chan/ Pexels
The government has been raising civil service retirement rates to 65 and encouraging private companies to do the same. Yet with economists warning that the labor market is actively shrinking from this year onwards, partly due to Hong Kong’s low birthrate, more drastic steps must be taken, sources say.
But how can the change be made in a laissez-faire society? The retirement age in Singapore is 62 but that city-state’s government forces companies to offer re-employment to retirees until the age of 67.
The Hong Kong government has always been less controlling, but has taken several steps.
As well as raising retirement ages for its own staff, it has been pushing a plan to give everyone aged 60 or more major travel privileges (such as paying HK$2 on the Discovery Bay ferry instead of HK$46) to encourage mobility.
It is financing several employment and retraining courses to help older jobseekers find work. Employers of older jobseekers can get HK$5,000 per month per staff member to help with training fees.
Ferry will be HK$2 instead of HK$46; picture by Daniel Case, CC BY-SA 3.0 , via Wikimedia Commons
In generally, the labour force participation rate for old people in Hong Kong is reasonably high.
Although lower than Japan, which has long experience in dealing with an ageing workforce, Hong Kong’s rate of elderly employment is comparable to the UK or Australia, and above that of France, Germany, and Italy.
The rate of older folks’ participation in work rose steadily after the British left, with a particularly sharp rise from 2008, the statistics show.
If some government departments, publicly-funded organizations, and private firms raise the retirement age to 70, Hong Kong would become one of the leading places in the world in this regard.
The city would be ahead of Europeans, who typically retire at 65, Southeast Asians, who are pensioned off between 58 and 60, and Mainland China, where the retirement age is 55 for women and 60 for men.
* * *
Tomorrow in this web magazine: Hong Kong people are retiring in Mainland China in growing numbers.
Main picture: PVMS/ Unsplash
* * *
162 Comments
CharlesHon
buying from online mexican pharmacy [url=https://foruspharma.com/#]best online pharmacies in mexico[/url] mexico drug stores pharmacies
DavidLeaws
buy prescription drugs from india: reputable indian pharmacies – cheapest online pharmacy india
Michaeluncot
canadian pharmacy no scripts: my canadian pharmacy reviews – canadian pharmacy
Edwardlex
https://canadapharmast.online/# canadian discount pharmacy
Michaeluncot
buying from online mexican pharmacy: medication from mexico pharmacy – mexico drug stores pharmacies
DavidLeaws
onlinecanadianpharmacy 24: canadianpharmacymeds com – canadian pharmacy service
CharlesHon
world pharmacy india [url=http://indiapharmast.com/#]top 10 pharmacies in india[/url] mail order pharmacy india
Edwardlex
http://foruspharma.com/# mexico drug stores pharmacies
DavidLeaws
canadian pharmacy no scripts: canadian pharmacies comparison – escrow pharmacy canada
Michaeluncot
best online pharmacy india: best online pharmacy india – online pharmacy india
CharlesHon
buying prescription drugs in mexico online [url=http://foruspharma.com/#]buying prescription drugs in mexico online[/url] purple pharmacy mexico price list
DavidLeaws
canadian pharmacy no scripts: canadian pharmacy antibiotics – prescription drugs canada buy online
DavidLeaws
best online pharmacies in mexico: medication from mexico pharmacy – mexican online pharmacies prescription drugs
Michaeluncot
mexican pharmaceuticals online: buying from online mexican pharmacy – buying prescription drugs in mexico
Edwardlex
https://canadapharmast.online/# online canadian pharmacy review
Thomasclams
https://clomiddelivery.pro/# where to buy cheap clomid without dr prescription
Thomasclams
http://doxycyclinedelivery.pro/# buy doxycycline online 270 tabs
Thomasclams
http://clomiddelivery.pro/# where to buy generic clomid now
Thomasclams
http://clomiddelivery.pro/# generic clomid without insurance
Thomasclams
https://amoxildelivery.pro/# generic for amoxicillin
Thomasclams
http://paxloviddelivery.pro/# paxlovid generic
Thomasclams
http://amoxildelivery.pro/# amoxicillin 500 mg for sale
Thomasclams
https://doxycyclinedelivery.pro/# doxycycline 75 mg
Thomasclams
https://paxloviddelivery.pro/# paxlovid buy
ArnoldSaf
pharmacies in mexico that ship to usa [url=http://mexicandeliverypharma.com/#]mexican online pharmacies prescription drugs[/url] purple pharmacy mexico price list
Waynegat
п»їbest mexican online pharmacies: mexican rx online – mexico pharmacies prescription drugs
Richardbum
https://mexicandeliverypharma.com/# mexican border pharmacies shipping to usa
ArnoldSaf
buying prescription drugs in mexico online [url=https://mexicandeliverypharma.com/#]reputable mexican pharmacies online[/url] mexico drug stores pharmacies
Dominicapedy
mexican mail order pharmacies: pharmacies in mexico that ship to usa – best online pharmacies in mexico
Waynegat
mexico drug stores pharmacies: mexico drug stores pharmacies – mexican mail order pharmacies
ArnoldSaf
mexican pharmaceuticals online [url=https://mexicandeliverypharma.com/#]mexican pharmacy[/url] buying prescription drugs in mexico online
Richardbum
https://mexicandeliverypharma.com/# mexican drugstore online
Dominicapedy
medicine in mexico pharmacies: medication from mexico pharmacy – mexico drug stores pharmacies
ArnoldSaf
best online pharmacies in mexico [url=https://mexicandeliverypharma.online/#]mexico pharmacy[/url] mexican pharmaceuticals online
NelsonFam
reputable mexican pharmacies online: п»їbest mexican online pharmacies – reputable mexican pharmacies online
Dominicapedy
purple pharmacy mexico price list: mexico drug stores pharmacies – mexico drug stores pharmacies
ArnoldSaf
reputable mexican pharmacies online [url=http://mexicandeliverypharma.com/#]reputable mexican pharmacies online[/url] mexico drug stores pharmacies
NelsonFam
buying from online mexican pharmacy: buying prescription drugs in mexico – purple pharmacy mexico price list
Dominicapedy
mexican rx online: buying from online mexican pharmacy – mexican drugstore online
Waynegat
mexican rx online: mexican mail order pharmacies – mexico pharmacies prescription drugs
ArnoldSaf
mexican pharmacy [url=https://mexicandeliverypharma.online/#]п»їbest mexican online pharmacies[/url] best online pharmacies in mexico
NelsonFam
purple pharmacy mexico price list: п»їbest mexican online pharmacies – buying prescription drugs in mexico online
Dominicapedy
mexican drugstore online: best online pharmacies in mexico – reputable mexican pharmacies online
Waynegat
medicine in mexico pharmacies: purple pharmacy mexico price list – mexican border pharmacies shipping to usa
Dominicapedy
buying prescription drugs in mexico online: buying from online mexican pharmacy – pharmacies in mexico that ship to usa
Waynegat
mexican border pharmacies shipping to usa: mexico drug stores pharmacies – mexican drugstore online
ArnoldSaf
mexican border pharmacies shipping to usa [url=https://mexicandeliverypharma.online/#]pharmacies in mexico that ship to usa[/url] reputable mexican pharmacies online
NelsonFam
mexican rx online: buying prescription drugs in mexico online – mexican border pharmacies shipping to usa
Dominicapedy
medication from mexico pharmacy: mexico drug stores pharmacies – mexican mail order pharmacies
Waynegat
mexico drug stores pharmacies: mexican border pharmacies shipping to usa – mexico drug stores pharmacies
NelsonFam
mexico drug stores pharmacies: mexico drug stores pharmacies – mexican border pharmacies shipping to usa
Dominicapedy
п»їbest mexican online pharmacies: pharmacies in mexico that ship to usa – mexico drug stores pharmacies
ArnoldSaf
medicine in mexico pharmacies [url=https://mexicandeliverypharma.com/#]mexico pharmacies prescription drugs[/url] buying prescription drugs in mexico online
NelsonFam
mexican border pharmacies shipping to usa: medication from mexico pharmacy – purple pharmacy mexico price list
Dominicapedy
mexican pharmaceuticals online: mexican online pharmacies prescription drugs – reputable mexican pharmacies online
Waynegat
medication from mexico pharmacy: mexican online pharmacies prescription drugs – mexican border pharmacies shipping to usa
ArnoldSaf
reputable mexican pharmacies online [url=https://mexicandeliverypharma.com/#]mexican pharmacy[/url] mexican pharmacy
NelsonFam
mexican border pharmacies shipping to usa: mexican border pharmacies shipping to usa – pharmacies in mexico that ship to usa
Waynegat
mexican online pharmacies prescription drugs: mexican drugstore online – buying prescription drugs in mexico
Dominicapedy
п»їbest mexican online pharmacies: mexican mail order pharmacies – mexican pharmaceuticals online
Waynegat
mexican pharmaceuticals online: mexico drug stores pharmacies – mexican border pharmacies shipping to usa
ArnoldSaf
buying from online mexican pharmacy [url=http://mexicandeliverypharma.com/#]medication from mexico pharmacy[/url] buying prescription drugs in mexico online
NelsonFam
medicine in mexico pharmacies: mexican drugstore online – mexico pharmacies prescription drugs
Dominicapedy
mexican rx online: mexican online pharmacies prescription drugs – mexican pharmaceuticals online
Waynegat
mexican online pharmacies prescription drugs: mexico drug stores pharmacies – buying from online mexican pharmacy
NelsonFam
mexican rx online: mexico pharmacies prescription drugs – purple pharmacy mexico price list
Waynegat
purple pharmacy mexico price list: mexican online pharmacies prescription drugs – buying prescription drugs in mexico online
Waynegat
purple pharmacy mexico price list: best online pharmacies in mexico – mexican rx online
NelsonFam
mexican pharmaceuticals online: mexico pharmacies prescription drugs – medication from mexico pharmacy
NelsonFam
mexican mail order pharmacies: medicine in mexico pharmacies – mexican drugstore online
NelsonFam
medication from mexico pharmacy: mexican border pharmacies shipping to usa – mexican mail order pharmacies
Waynegat
purple pharmacy mexico price list: mexican online pharmacies prescription drugs – buying from online mexican pharmacy
MatthewGax
Misoprostol 200 mg buy online: buy cytotec in usa – cytotec buy online usa
PatrickSlecy
http://cytotecbestprice.pro/# buy cytotec over the counter
MatthewGax
tamoxifen reviews: aromatase inhibitor tamoxifen – what is tamoxifen used for
PatrickSlecy
http://propeciabestprice.pro/# cost of cheap propecia without rx
Lewisgam
https://prednisonebestprice.pro/# prednisone 20mg price
MatthewGax
generic zithromax online paypal: cheap zithromax pills – can you buy zithromax over the counter in australia
Lewisgam
https://cytotecbestprice.pro/# buy cytotec online fast delivery
MatthewGax
where can you buy zithromax: can i buy zithromax online – zithromax capsules price
MatthewGax
zithromax online no prescription: zithromax 500 without prescription – zithromax buy
MatthewGax
where can i buy prednisone: prednisone tablets canada – prednisone 40 mg rx
Lewisgam
http://propeciabestprice.pro/# cost of cheap propecia prices
MatthewGax
cytotec online: Abortion pills online – buy cytotec online fast delivery
MatthewGax
does tamoxifen make you tired: tamoxifen brand name – tamoxifen chemo
Lewisgam
https://prednisonebestprice.pro/# prednisone 2.5 mg cost
MatthewGax
zithromax buy online no prescription: buy zithromax online fast shipping – buy zithromax 1000mg online
Tomasglype
farmacie online sicure: Cialis generico controindicazioni – п»їFarmacia online migliore
Tomasglype
farmaci senza ricetta elenco: Farmacia online migliore – farmacia online
Tomasglype
comprare farmaci online all’estero: kamagra oral jelly consegna 24 ore – acquisto farmaci con ricetta
Tomasglype
acquisto farmaci con ricetta: Cialis generico prezzo – farmacia online
SamuelArems
http://tadalafil.auction/# cialis canada pharmacy no prescription required
Georgenip
cialis no prescription needed: Buy Tadalafil 20mg – online generic cialis
SamuelArems
https://tadalafil.auction/# cialis mit dapoxetine
Georgenip
cialis lilly rezeptfrei: Generic Cialis without a doctor prescription – cialis online overnight delivery
Georgenip
how long does viagra last: Buy Viagra online in USA – generic viagra overnight
StephenTal
https://sildenafil.llc/# buy viagra order
real viagra without a doctor prescription [url=https://sildenafil.llc/#]Buy Viagra online in USA[/url] 100 mg viagra lowest price
SamuelArems
https://sildenafil.llc/# viagra for sale
DouglasCar
mexican pharmaceuticals online: Mexico pharmacy online – mexican drugstore online
CharlesFug
http://mexicopharmacy.win/# mexican mail order pharmacies
online erectile dysfunction pills
LeonardVance
https://mexicopharmacy.win/# mexican pharmaceuticals online
CharlesFug
http://indiapharmacy.shop/# indian pharmacy
low cost ed meds
DouglasCar
buy ed meds: Best ED pills non prescription – ed prescriptions online
CharlesFug
http://mexicopharmacy.win/# mexican online pharmacies prescription drugs
cheapest ed online
LeonardVance
https://edpillpharmacy.store/# online ed prescription
DouglasCar
mexican rx online: Certified Mexican pharmacy – buying prescription drugs in mexico online
DouglasCar
where to get ed pills: ED meds online with insurance – pills for erectile dysfunction online
LeonardVance
http://mexicopharmacy.win/# mexican drugstore online
DouglasCar
where to buy ed pills: ed pills online – best ed pills online
LeonardVance
https://edpillpharmacy.store/# cheapest ed treatment
LeonardVance
https://indiapharmacy.shop/# mail order pharmacy india
LeonardVance
https://edpillpharmacy.store/# ed medication online
LeonardVance
http://mexicopharmacy.win/# mexican rx online
LeonardVance
https://edpillpharmacy.store/# erectile dysfunction drugs online
Danielskads
buy cytotec pills online cheap https://lipitor.guru/# lipitor 40
lasix
Stanleyanaws
lipitor tablets [url=https://lipitor.guru/#]buy lipitor 20mg[/url] lipitor 20 mg tablet price
Stephenrem
https://cytotec.pro/# buy cytotec
Danielskads
buy cytotec http://cytotec.pro/# Cytotec 200mcg price
lasix 20 mg
Stanleyanaws
lipitor generic on line no prescription [url=https://lipitor.guru/#]buy atorvastatin online[/url] lipitor prices australia
Stephenrem
https://tamoxifen.bid/# alternatives to tamoxifen
Danielskads
buy cytotec over the counter http://cytotec.pro/# Misoprostol 200 mg buy online
lasix generic name
Stephenrem
https://tamoxifen.bid/# aromatase inhibitors tamoxifen
Stanleyanaws
furosemide 40mg [url=https://furosemide.win/#]cheap lasix[/url] lasix online
Stephenrem
http://lisinopril.guru/# lisinopril pills
Danielskads
cytotec buy online usa https://lisinopril.guru/# zestoretic price
furosemide 100mg
JamesBelty
tamoxifen brand name: Purchase Nolvadex Online – arimidex vs tamoxifen bodybuilding
JamesBelty
lisinopril 40 mg brand name: Buy Lisinopril 20 mg online – lisinopril brand name uk
Stephenrem
http://tamoxifen.bid/# tamoxifen medication
Danielskads
п»їcytotec pills online http://tamoxifen.bid/# tamoxifen hair loss
lasix generic
JamesBelty
furosemide 100mg: buy furosemide – lasix furosemide
Stephenrem
http://furosemide.win/# lasix
JamesBelty
lipitor tabs: Atorvastatin 20 mg buy online – lipitor 80 mg daily
Danielskads
order cytotec online https://lipitor.guru/# buy generic lipitor
lasix furosemide
JamesBelty
tamoxifen headache: tamoxifen hormone therapy – tamoxifen for men
RobertHah
https://easyrxcanada.online/# online canadian pharmacy
Jeremysheex
https://mexstarpharma.online/# mexico pharmacies prescription drugs
RobertHah
http://mexstarpharma.com/# mexico drug stores pharmacies
Jeremysheex
http://easyrxcanada.com/# 77 canadian pharmacy
RobertHah
https://mexstarpharma.com/# medication from mexico pharmacy
Jeremysheex
https://easyrxcanada.online/# canada discount pharmacy
RobertHah
https://mexstarpharma.com/# mexico pharmacies prescription drugs
Jeremysheex
http://easyrxcanada.com/# canadian compounding pharmacy
RobertHah
https://easyrxindia.com/# mail order pharmacy india
Jesusskeva
deneme bonusu veren slot siteleri: slot siteleri – bonus veren casino slot siteleri
Jesusskeva
deneme bonusu veren siteler: bonus veren siteler – bonus veren siteler
Kevindrews
https://sweetbonanza.network/# sweet bonanza slot
Darrelunade
en guvenilir slot siteleri: deneme veren slot siteleri – slot siteleri
Darrelunade
bonus veren slot siteleri: en iyi slot siteler – en cok kazandiran slot siteleri
Kevindrews
http://slotsiteleri.bid/# slot casino siteleri
Darrelunade
slot siteleri bonus veren: deneme bonusu veren slot siteleri – slot oyunlar? siteleri
Kevindrews
http://slotsiteleri.bid/# en guvenilir slot siteleri
Darrelunade
guvenilir slot siteleri: slot kumar siteleri – yasal slot siteleri
Kevindrews
http://slotsiteleri.bid/# 2024 en iyi slot siteleri
ScottBon
1xbet официальный сайт: 1xbet официальный сайт – 1xbet официальный сайт
WarrenTwill
http://1xbet.contact/# 1xbet
Lesliebum
1win зеркало [url=https://1win.directory/#]1вин сайт[/url] 1вин сайт
WarrenTwill
http://1win.directory/# 1вин сайт
WarrenTwill
http://1win.directory/# 1win официальный сайт
ScottBon
1хбет официальный сайт: 1хбет зеркало – зеркало 1хбет
WarrenTwill
http://1xbet.contact/# 1хбет официальный сайт
ScottBon
vavada: вавада – вавада казино
ScottBon
1xbet зеркало: 1хбет – 1хбет